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Atlanta & Southeast  + Texas  + Office  | 
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.


Inside The Story

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.

  • ◦Economy
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