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Houston Office Space: A Tale of Two Cities

Examining the Q2 2018 metrics from various brokerage firms concerning Houston office space shows a dichotomy between the vacancy, asking rent, absorption and construction figures. That’s to be expected, as research methods differ from company to company.

What is an interesting dichotomy, however, is that, despite improvement in the overall Houston economy, office statistics continue to lag. Analysts point out a few reasons for this, which include smaller-sized leases, energy companies that are still struggling to offload space, and a flight to quality. In this latter scenario, it seems as though tenants want newer, better office product, with more amenities.


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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