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Houston May to May Office report NAI Partners

Houston May-to-May Office Space Demand Way Up

Almost halfway through 2022, overall vacancy is at 25.1%, up 100 basis points from this time last year. Availability is slightly up as well, at 29%. The Houston market has recorded 5 million square feet of leasing activity comprised of both new leases and renewals.

A recent NAI Partners report saw net absorption up 293,000 square feet from last year. Last year at this time there was a negative 1.4 million square feet year to year. The amount of construction underway is at 2.3 million square feet.

Large move-ins this year include Vinson & Elkins at 210,000 square feet, DLA Paper at 31,000 square feet and McGuireWoods at nearly 30,000, all in the new Texas Tower.

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Leta Wauson

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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