In January 2018, NAI Partners introduced its Sublease Index, a measure of sublease office space as a total of available space in Houston. In January, sublease space vacancy dropped to 15%. As of February 2018, the total increased slightly, to 15.5%.

According to NAI Partners’ Leta Wauson, the increase was due to TechnipFMC’s placing Energy Tower II’s space for lease on the market. The 375,937 square feet from the building at 11750 Katy Fwy. brings the total amount of available sublease space to nine million square feet.

Still, Houston’s overall sublease market experienced a steady decline since Q3 2016, when available sublease space reached its 12-million-square-foot peak, and a 21% vacancy rate.

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