The completion of several suburban office building has beenputting additional space onto the Houston market, but the city had733,000 sf of net absorption in the third quarter, following 1.2million sf of net absorption in the second quarter, CB RichardEllis has reported. Downtown is outperforming the suburban officemarket.
The CBD vacancy was 5.65% in the third quarter, compared to14.22% in the suburbs. The city has made strides in filling officespace in recent years as the city has added jobs and expanded theeconomy. In the early 1990s, both downtown and the suburbs hadvacancy rates in excess of 20%.
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