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office leasing Houston office employment is expected to create an additional 17,100 new jobs in 2018.

HOUSTON—As the Houston office market struggles towards a gradual recovery, current economic indicators are largely buoyant, indicating robust economic output and inevitable growth. A recent CBRE MarketFlash examined projected office employment in the large metros within the Lone Star State. The report analyzes how Texas Triangle markets are expected to perform amid the five-year outlook for office space demand.

Despite positive economic momentum going into 2018, Houston had a return to negative demand in the first quarter of the year, as 418,000 square feet was vacated citywide. Office vacancy rose to 17.8%, propelling Houston to its highest level of vacancy since 1995.

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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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