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Little by Little, Office Occupancies Rise

Despite a challenged submarket with total availability increasing past 30% during the first quarter, leasing activity for One Park 10 has been strong and recent transactions have taken occupancy to more than 65%.

One Park 10 One Park 10 is a 162,909-square-foot class-A office building in the Energy Corridor submarket.

HOUSTON—Incrementally, a number of office submarkets are getting occupancy levels back in line. An example of one property that has done it at a quicker pace is One Park 10, a 162,909-square-foot class-A office building at 16225 Park Ten Place in the sought-after Energy Corridor submarket.

There have been 30,715 square feet of new office leases at One Park 10 since mid-2017. That is when Accesso Partners LLC retained Transwestern vice president Evelyn Ward and senior associate Amanda App to lease the building, which was approximately 60% occupied at the time.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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