Class-A Space Equals Four- to Five-Year Supply

One Park 10 has full floors and spec suites available for leasing.

HOUSTON—While there are signs of optimism, the recovery will be slow and measured until the energy engine kicks into high gear. There are still several areas limiting the speed of recovery: overall job growth for 2017 is projected to be well below healthy market norms, the petrochemical boom on the east side is waning, and while stabilizing, short-term energy forecasts show limited potential for additional increases through 2017, according to Transwestern. Additionally, the market has a total of 54 million square feet of space marketed as available, with 32 million occurring in class-A properties–a four to five-year supply with job creation at typical levels of 60,000 per year, GlobeSt.com learns.

In the category of space available for leasing, One Park 10 has full floors and spec suites ready for tenants. The 162,909-square-foot office building is located at 16225 Park Ten Place in Houston’s Energy Corridor submarket. It occupies 3.27 landscaped acres within the Park Ten office park, and has close proximity to the Katy Freeway.