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office construction Houston is among the most affordable office markets in the US and Canada for users to build out space.

HOUSTON—Last year was a pivotal one for the office construction sector. Construction costs rose 3% and are expected to continue climbing in 2018 and beyond. Office leasing fundamentals are pivoting as new construction deliveries begin to outpace leasing demand. Moreover, tenant improvement allowances spiked nearly 10% in the latter half of 2017, outpacing rent growth.

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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