Houston's office market saw strong absorption in Q4 2013, pushing full-year absorption to 2.9 million square feet. Vacancy rates declined slightly both quarter-over-quarter and year-over-year as energy companies expanded. Rental rates increased across the board, with average Class A rents in the CBD rising 2.6% and suburban Class A rents up 1.3%. Absorption was driven by energy sector tenants taking large blocks of space for expansion projects. The economy is expected to remain strong in 2014 with continued job and population growth.
The document summarizes key office market indicators and trends for Houston, Texas in Q1 2015. Net absorption slowed to 1.2 million SF compared to 2.3 million SF in Q1 2014, while vacancy rates increased slightly. Rental rates remained relatively stable, increasing 0.9% citywide. Over 3.5 million SF of new inventory delivered during the quarter, with 68% pre-leased. The effects of lower oil prices are beginning to impact the Houston office market, as available sublease space increased 33% and job growth slowed compared to previous periods. However, vacancy rates remain moderate and most proposed construction projects have been put on hold, which should help stabilize the market.
Houston's office market saw positive net absorption of 715,000 SF in Q3 2013, with rental rates increasing citywide. Over 10.5M SF of new office space is under construction. The vacancy rate rose slightly to 15.4% due to new inventory delivery, though CBD vacancy declined. Strong job and economic growth are expected to continue driving demand for office space.
Houston's strong job growth and healthy economy boosted office leasing activity in 2012. Fourth quarter leasing reached 2.4 million square feet, pushing the annual total past 12.2 million square feet. Vacancy rates declined across the city while rental rates increased slightly. Major transactions included the $175 million sale of the KBR Tower and Modec International leasing 127,000 square feet at Energy Crossing II.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
Houston's office market saw positive absorption of 84,750 SF in Q2 2018, rebounding from negative absorption in Q1 2018. Vacancy rates decreased slightly to 21.7% overall but increased year-over-year. Large companies like Occidental Petroleum are downsizing space and subleasing hundreds of thousands of square feet. Rental rates have remained relatively stable while leasing activity decreased compared to prior periods.
The Houston office market summary provides an overview of key indicators in Q3 2014. Net absorption was 420k SF, pushing the year-to-date total to 4.4M SF. The average citywide vacancy rate increased slightly to 11.9% while average rental rates rose to $26.94 per SF. Strong job and economic growth are expected to continue driving demand in the Houston market through the end of 2014.
Houston's office market continues to see strong growth, with over 17.8 million square feet currently under construction. Net absorption was positive 1.6 million square feet in Q2 2014, pushing the year-to-date net absorption to a positive 2.2 million square feet. The average rental rate increased 1% over the quarter to $26.52 per square foot, as the economy remains healthy due to job and energy sector growth.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
The document summarizes key office market indicators and trends for Houston, Texas in Q1 2015. Net absorption slowed to 1.2 million SF compared to 2.3 million SF in Q1 2014, while vacancy rates increased slightly. Rental rates remained relatively stable, increasing 0.9% citywide. Over 3.5 million SF of new inventory delivered during the quarter, with 68% pre-leased. The effects of lower oil prices are beginning to impact the Houston office market, as available sublease space increased 33% and job growth slowed compared to previous periods. However, vacancy rates remain moderate and most proposed construction projects have been put on hold, which should help stabilize the market.
Houston's office market saw positive net absorption of 715,000 SF in Q3 2013, with rental rates increasing citywide. Over 10.5M SF of new office space is under construction. The vacancy rate rose slightly to 15.4% due to new inventory delivery, though CBD vacancy declined. Strong job and economic growth are expected to continue driving demand for office space.
Houston's strong job growth and healthy economy boosted office leasing activity in 2012. Fourth quarter leasing reached 2.4 million square feet, pushing the annual total past 12.2 million square feet. Vacancy rates declined across the city while rental rates increased slightly. Major transactions included the $175 million sale of the KBR Tower and Modec International leasing 127,000 square feet at Energy Crossing II.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
Houston's office market saw positive absorption of 84,750 SF in Q2 2018, rebounding from negative absorption in Q1 2018. Vacancy rates decreased slightly to 21.7% overall but increased year-over-year. Large companies like Occidental Petroleum are downsizing space and subleasing hundreds of thousands of square feet. Rental rates have remained relatively stable while leasing activity decreased compared to prior periods.
The Houston office market summary provides an overview of key indicators in Q3 2014. Net absorption was 420k SF, pushing the year-to-date total to 4.4M SF. The average citywide vacancy rate increased slightly to 11.9% while average rental rates rose to $26.94 per SF. Strong job and economic growth are expected to continue driving demand in the Houston market through the end of 2014.
Houston's office market continues to see strong growth, with over 17.8 million square feet currently under construction. Net absorption was positive 1.6 million square feet in Q2 2014, pushing the year-to-date net absorption to a positive 2.2 million square feet. The average rental rate increased 1% over the quarter to $26.52 per square foot, as the economy remains healthy due to job and energy sector growth.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
Houston's office market posted positive net absorption of 673,000 square feet in Q4 2017, the first positive figure in several years. However, the 2017 yearly total was still negative at -1.7 million square feet due to previous quarters of negative absorption. Vacancy rates decreased slightly to 19.1% from 19.3% over the quarter but remained higher than the 17.5% rate from Q4 2016. Rents for Class A office space decreased slightly to $34.97 per square foot on average.
- The Houston office market vacancy rate increased to 18.5% in Q1 2017, with slower job growth and energy sector layoffs contributing to higher vacancies. However, available sublease space has decreased in the last two quarters, indicating the market may be stabilizing.
- Office construction in Houston has declined significantly, with the pipeline shrinking 50% in one year and 65% over two years. Only 1.8 million square feet of new space was delivered in Q1 2017, with 40% vacant.
- Job growth in Houston has been slower than average due to the weakened energy market, but 19,300 new jobs were added in the metro area between February 2016-2017, with growth in arts, entertainment
Houston's office market saw strong leasing activity in the second quarter of 2012, driven by job growth in the energy sector. Net absorption was positive 1.4 million square feet, bringing the year-to-date total to 2.4 million square feet. Vacancy rates remained relatively unchanged, while average rental rates rose slightly. Several new office developments were announced to address the low available inventory as demand increased from companies looking to expand.
Houston's industrial market remains strong with positive net absorption of 2.1 million square feet in Q4 2013, bringing total net absorption for the year to 7 million square feet. The average vacancy rate remained low at 5.2% as demand outpaced new supply. Rental rates increased both quarter-over-quarter and year-over-year due to low vacancy. New development is robust with 4.4 million square feet under construction to meet ongoing demand driven by job and population growth in Houston.
Austin’s office market continues to deliver as
we hit the midyear mark
Boots On The Ground Commentary by David Bremer
Our “Boots on the Ground” view point is the voice of our experts, who
have broken down the market data and compared it to what they are
seeing for themselves. This is their take on what the numbers actually
mean for the Austin office market.
There are two mistruths I’ve heard perpetuated by the real estate
community, including myself once or twice, over the past year: (1)
This occupancy and these rates can’t last forever, and (2) MoPac
construction should be done soon.
The Austin office market rebounded sharply in the 2nd quarter,
with extremely high Net Absorption of almost 600,000 RSF.
Vacancy remained relatively flat, however rates continue to trend
higher.
http://bit.ly/Q2_2017_Austin_Office_Page
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
Houston's strong job growth in the energy sector has boosted office leasing activity in the first half of 2012. Positive net absorption totaled 1.4 million square feet in Q2 alone, bringing the year-to-date total to 2.4 million square feet. Vacancy rates decreased slightly to 14.5% as demand outpaced new supply. Rental rates also increased slightly citywide to an average of $23.66 per square foot. Continued job and economic growth are expected to maintain a healthy office market outlook.
This document provides an investor update from AvalonBay for November 2019. The key messages are: 1) Rent growth on the East and West Coasts has converged to around 3% in AvalonBay's markets. 2) Improving net operating income margins through innovation in the operating model. 3) Creating value through accretive, match-funded development. 4) Executing a condominium and retail strategy at The Park Loggia property in New York.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
- Austin's office market experienced negative absorption of 24,603 SF in Q2 2016, the first negative absorption since 2012, driven by decreases in the CBD, North/Domain, Northwest, and Southwest submarkets.
- Vacancy rates increased both citywide and in the CBD and suburban areas. The average rental rate increased slightly to $34.65 per SF. Rents in the CBD increased to $49.52 per SF.
- Three buildings totaling 196,463 SF delivered in Q2, with absorption rates of 91.9% upon delivery. The largest delivery was a 74,804 SF building in North/Domain.
Houston's industrial market saw positive net absorption of 3 million square feet in the third quarter of 2017. Vacancy rates decreased slightly to 5.4% as demand for distribution and warehouse space continues to grow. Companies like Amazon, DHL, and FedEx absorbed over 1.5 million square feet by opening new distribution and logistics hubs. Over 5 million square feet of new industrial space is under construction, though vacancy rates remain low across several submarkets.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand from companies expanding in or relocating to the Houston area. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate and boosting home sales, ensuring continued economic growth for Houston.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
The document provides an overview of the office market in Toronto for the third quarter of 2014. It finds that vacancy rates continued to decline in the downtown core while rising in the suburbs. Demand was strongest in the financial and technology sectors, particularly for large spaces downtown. Investment activity remained constrained due to limited supply, though new development projects were attracting investors. Vacancy increased in the midtown area following a large space being sublet. The central north market saw a slowdown in leasing despite low vacancy.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
- Austin's office market posted the highest ever positive net absorption of 902,046 square feet in Q4 2015, with five new buildings delivering 676,904 square feet of space.
- Vacancy rates continued to decline across the city, with the CBD seeing the largest drop to 6.8% vacancy.
- Rental rates increased slightly citywide and in the CBD, while job growth and absorption remained strong as Austin's economy thrives.
Q4 2015 Austin Office Market Research & Forecast ReportLisa Bridges
- Austin's office market posted the highest positive net absorption ever recorded in Q4 2015 at 902,046 square feet. Five new buildings totaling 676,904 square feet delivered, with 1.579 million square feet currently under construction.
- The citywide average rental rate increased slightly to $30.71 per square foot, while Class A CBD rental rates rose 1.4% to $44.36 per square foot. Vacancy rates continued declining, with the CBD rate falling to 6.8%.
- Austin's unemployment rate of 3.3% remains below state and national averages, and job growth in Austin increased 3.9% annually, significantly higher than state and national averages.
This document discusses Tourette syndrome (TS), a neurological disorder characterized by involuntary movements and vocalizations called tics. It notes that TS typically begins in childhood between ages 4-6 and peaks from ages 10-12. While it is more common in boys, it can affect both sexes. The document provides basic information about TS, discusses challenges children with TS may face in school and how support from parents and teachers can help, and shares an inspiring story of one man's success living with TS. It also provides information about the Tourette Syndrome Association and free resources for families affected by the condition.
As estratégias de saúde governamentais somadas à crescente demanda por acesso a informações clínicas e pessoais sejam pelas organizações e profissionais de saúde ou pelos próprios pacientes, tem demandado a implantação metódica de medidas de segurança adequadas nas mais diversas áreas das organizações de saúde, as quais devem atender as regulamentações vigentes e colaborar para a melhora no atendimento e redução de custos.
A palestra aborda os desafios que as organizações de saúde enfrentam e àqueles que estão por vir, ilustra ainda a complexidade relacionada à conectividade e controle de acessos, apontando as melhores práticas de segurança, conforme o enfoque ISC-CISSP.
Houston's office market posted positive net absorption of 673,000 square feet in Q4 2017, the first positive figure in several years. However, the 2017 yearly total was still negative at -1.7 million square feet due to previous quarters of negative absorption. Vacancy rates decreased slightly to 19.1% from 19.3% over the quarter but remained higher than the 17.5% rate from Q4 2016. Rents for Class A office space decreased slightly to $34.97 per square foot on average.
- The Houston office market vacancy rate increased to 18.5% in Q1 2017, with slower job growth and energy sector layoffs contributing to higher vacancies. However, available sublease space has decreased in the last two quarters, indicating the market may be stabilizing.
- Office construction in Houston has declined significantly, with the pipeline shrinking 50% in one year and 65% over two years. Only 1.8 million square feet of new space was delivered in Q1 2017, with 40% vacant.
- Job growth in Houston has been slower than average due to the weakened energy market, but 19,300 new jobs were added in the metro area between February 2016-2017, with growth in arts, entertainment
Houston's office market saw strong leasing activity in the second quarter of 2012, driven by job growth in the energy sector. Net absorption was positive 1.4 million square feet, bringing the year-to-date total to 2.4 million square feet. Vacancy rates remained relatively unchanged, while average rental rates rose slightly. Several new office developments were announced to address the low available inventory as demand increased from companies looking to expand.
Houston's industrial market remains strong with positive net absorption of 2.1 million square feet in Q4 2013, bringing total net absorption for the year to 7 million square feet. The average vacancy rate remained low at 5.2% as demand outpaced new supply. Rental rates increased both quarter-over-quarter and year-over-year due to low vacancy. New development is robust with 4.4 million square feet under construction to meet ongoing demand driven by job and population growth in Houston.
Austin’s office market continues to deliver as
we hit the midyear mark
Boots On The Ground Commentary by David Bremer
Our “Boots on the Ground” view point is the voice of our experts, who
have broken down the market data and compared it to what they are
seeing for themselves. This is their take on what the numbers actually
mean for the Austin office market.
There are two mistruths I’ve heard perpetuated by the real estate
community, including myself once or twice, over the past year: (1)
This occupancy and these rates can’t last forever, and (2) MoPac
construction should be done soon.
The Austin office market rebounded sharply in the 2nd quarter,
with extremely high Net Absorption of almost 600,000 RSF.
Vacancy remained relatively flat, however rates continue to trend
higher.
http://bit.ly/Q2_2017_Austin_Office_Page
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
Houston's strong job growth in the energy sector has boosted office leasing activity in the first half of 2012. Positive net absorption totaled 1.4 million square feet in Q2 alone, bringing the year-to-date total to 2.4 million square feet. Vacancy rates decreased slightly to 14.5% as demand outpaced new supply. Rental rates also increased slightly citywide to an average of $23.66 per square foot. Continued job and economic growth are expected to maintain a healthy office market outlook.
This document provides an investor update from AvalonBay for November 2019. The key messages are: 1) Rent growth on the East and West Coasts has converged to around 3% in AvalonBay's markets. 2) Improving net operating income margins through innovation in the operating model. 3) Creating value through accretive, match-funded development. 4) Executing a condominium and retail strategy at The Park Loggia property in New York.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
- Austin's office market experienced negative absorption of 24,603 SF in Q2 2016, the first negative absorption since 2012, driven by decreases in the CBD, North/Domain, Northwest, and Southwest submarkets.
- Vacancy rates increased both citywide and in the CBD and suburban areas. The average rental rate increased slightly to $34.65 per SF. Rents in the CBD increased to $49.52 per SF.
- Three buildings totaling 196,463 SF delivered in Q2, with absorption rates of 91.9% upon delivery. The largest delivery was a 74,804 SF building in North/Domain.
Houston's industrial market saw positive net absorption of 3 million square feet in the third quarter of 2017. Vacancy rates decreased slightly to 5.4% as demand for distribution and warehouse space continues to grow. Companies like Amazon, DHL, and FedEx absorbed over 1.5 million square feet by opening new distribution and logistics hubs. Over 5 million square feet of new industrial space is under construction, though vacancy rates remain low across several submarkets.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand from companies expanding in or relocating to the Houston area. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate and boosting home sales, ensuring continued economic growth for Houston.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
The document provides an overview of the office market in Toronto for the third quarter of 2014. It finds that vacancy rates continued to decline in the downtown core while rising in the suburbs. Demand was strongest in the financial and technology sectors, particularly for large spaces downtown. Investment activity remained constrained due to limited supply, though new development projects were attracting investors. Vacancy increased in the midtown area following a large space being sublet. The central north market saw a slowdown in leasing despite low vacancy.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
- Austin's office market posted the highest ever positive net absorption of 902,046 square feet in Q4 2015, with five new buildings delivering 676,904 square feet of space.
- Vacancy rates continued to decline across the city, with the CBD seeing the largest drop to 6.8% vacancy.
- Rental rates increased slightly citywide and in the CBD, while job growth and absorption remained strong as Austin's economy thrives.
Q4 2015 Austin Office Market Research & Forecast ReportLisa Bridges
- Austin's office market posted the highest positive net absorption ever recorded in Q4 2015 at 902,046 square feet. Five new buildings totaling 676,904 square feet delivered, with 1.579 million square feet currently under construction.
- The citywide average rental rate increased slightly to $30.71 per square foot, while Class A CBD rental rates rose 1.4% to $44.36 per square foot. Vacancy rates continued declining, with the CBD rate falling to 6.8%.
- Austin's unemployment rate of 3.3% remains below state and national averages, and job growth in Austin increased 3.9% annually, significantly higher than state and national averages.
This document discusses Tourette syndrome (TS), a neurological disorder characterized by involuntary movements and vocalizations called tics. It notes that TS typically begins in childhood between ages 4-6 and peaks from ages 10-12. While it is more common in boys, it can affect both sexes. The document provides basic information about TS, discusses challenges children with TS may face in school and how support from parents and teachers can help, and shares an inspiring story of one man's success living with TS. It also provides information about the Tourette Syndrome Association and free resources for families affected by the condition.
As estratégias de saúde governamentais somadas à crescente demanda por acesso a informações clínicas e pessoais sejam pelas organizações e profissionais de saúde ou pelos próprios pacientes, tem demandado a implantação metódica de medidas de segurança adequadas nas mais diversas áreas das organizações de saúde, as quais devem atender as regulamentações vigentes e colaborar para a melhora no atendimento e redução de custos.
A palestra aborda os desafios que as organizações de saúde enfrentam e àqueles que estão por vir, ilustra ainda a complexidade relacionada à conectividade e controle de acessos, apontando as melhores práticas de segurança, conforme o enfoque ISC-CISSP.
This study evaluated the use of quantitative PCR (qPCR) to genotype single nucleotide polymorphisms (SNPs) near a mutation in the RTEL1 gene for preimplantation genetic diagnosis of Dyskeratosis Congenita, compared to the standard method using short tandem repeats (STRs). The standard STR method misdiagnosed 3 of 14 embryos due to recombination between the distant STR marker and mutation. In contrast, qPCR of closely linked SNPs identified recombination in 9 of 17 embryos and correctly diagnosed all embryos. This case demonstrates that qPCR of SNPs provides improved sensitivity over STRs for detecting recombination near telomeric mutations.
This study examined how often comprehensive chromosome screening (CCS) would alter the selection of embryos for transfer compared to traditional day 5 morphology-based selection. Out of 100 consecutive cycles:
- 22% of embryos selected based on day 5 morphology alone would have been aneuploid according to CCS results. This was lower than the 32% aneuploidy rate of all biopsied embryos.
- Patients aged 35 or older had a higher risk (31%) of an aneuploid best quality day 5 embryo being selected than younger patients (14%).
- Among cycles where CCS altered selection, 74% resulted in delivery including 77% for elective single embryo transfer cycles. Most patients
1) A couple underwent preimplantation genetic diagnosis (PGD) for Dyskeratosis Congenita caused by a mutation in the RTEL1 gene, as they previously had an affected child.
2) Conventional PGD using short tandem repeat (STR) markers near the gene found high rates of allele drop out and no results for some embryos.
3) Reanalysis using quantitative PCR of single nucleotide polymorphisms (SNPs) closer to the mutation found the STR-based method misdiagnosed 3 of 14 embryos due to undetected recombinations between the STR and mutation.
4) The improved resolution of SNPs near the mutation detected recombinations and corrected misdiagnoses, demonstrating
This visitor guide provides information for travelers visiting San Diego, highlighting the city's beaches, neighborhoods, culinary scene, craft beer culture, arts, attractions, and various activities. The guide includes articles on the distinct aspects of San Diego along with advertisements and listings of local events. It aims to inform visitors about all that San Diego has to offer from a range of experiences.
Houston's office market had strong positive net absorption of 2.3 million square feet in Q1 2014, the highest since 2007. Vacancy rates declined slightly while rental rates increased across the market. Major energy companies are expanding and adding new office projects. The local economy is expected to remain strong in 2014 with continued healthy job and population growth.
Houston's office market saw slowing leasing activity and absorption in Q1 2013 compared to the previous year, with vacancy increasing slightly to 13.9%. However, rental rates increased overall and job growth in Houston remained strong at 4.5% annually. While leasing slowed in the short term due to limited available space, absorption is expected to increase later in the year when 9.4 million square feet of new office space under construction comes online.
Houston's strong job growth and healthy economy boosted office leasing activity in Q3 2012. Leasing activity reached 2.6 million SF, pushing the year-to-date total to over 9.75 million SF. Houston's overall vacancy rate fell to 14.2% as net absorption reached 767,000 SF in Q3. With continued expansion in the energy industry and a strong housing market, Houston's economy is expected to remain healthy.
Houston's retail market posted strong gains in the second quarter of 2014. Net absorption was 1.2 million square feet, vacancy rates fell to a record low of 6.3%, and average rental rates increased. Notable leases signed included Whole Foods, Kroger Marketplace, and Conn's Appliances. With 1.2 million square feet under construction and strong job and economic growth forecasted, the Houston retail market is expected to continue its positive momentum.
With demand rising steadily and supply running low in Columbus, now is a great time to be a landlord. As a tenant, with the introduction of many "big" players in the Columbus market and the third party vendors that follow, now is the time lease or become an owner/occupier before the market fully adjusts to today's supply and demand of industrial space. Let the Colliers Columbus Industrial Team add value to your next transaction with our proven industry knowledge and systematic approach- contact me with any questions regarding our market report or how we can be of assistance in achieving your business' goals.
Houston's industrial market remains healthy, with positive net absorption of 1.1 million square feet in Q3 2013, bringing the year-to-date total to 4.5 million square feet. The vacancy rate increased slightly to 5.3% due to new space added. Rental rates increased both quarterly and year-over-year. Demand for new industrial space remains high, spurring 5.7 million square feet currently under construction, with over half in speculative developments.
The retail market in Houston posted positive net absorption of 1.2 million square feet in Q4 2013, bringing the total for 2013 to 3.0 million square feet. The average citywide vacancy rate declined to 6.6% from 7.0% last quarter. There is currently 947,000 square feet of retail space under construction in Houston, including a new Whole Foods and Top Golf location. Rental rates increased slightly between quarters while demand remained strong as evidenced by the positive absorption.
The document summarizes Houston's office market performance in Q1 2018. Key points include:
- The overall vacancy rate increased to 20.1% due to large companies vacating space after layoffs and mergers, resulting in 1.5 million square feet of negative absorption.
- Sublease availability increased back above 9.0 million square feet due to space returned to the market during the energy downturn.
- Rental rates saw small decreases across classes and markets, with the average Class A rate at $34.91 per square foot.
- Leasing activity decreased 32% from the previous quarter while investment sales dropped slightly over the year.
Houston's industrial market remains healthy with low vacancy, stable rental rates, and positive net absorption. In Q2 2013, Houston posted 336,000 SF of net absorption, bringing the YTD total to 2.6M SF. The average vacancy rate increased slightly to 5.1% while average quoted rental rates rose 4.2% year-over-year. Demand for new industrial space continues to drive development, with 4.3M SF currently under construction, mostly speculative projects. Houston's economy is expected to remain strong due to continued expansion in the energy industry.
This document provides an economic and market overview of the industrial real estate sector in the Chicago, Illinois area in the fourth quarter of 2012. It finds that while national economic growth was lackluster, the Chicago industrial market saw improvements, with leasing activity reaching pre-recession levels of over 32 million square feet and vacancy dropping to 8.7%. The tightening market is expected to benefit owners and continue improving over the next few years.
Austin's office market continues to see strong growth in 2014, with over 2.4 million square feet under construction. In Q2 2014, Austin posted positive net absorption of 85,623 square feet. The average citywide rental rate increased 0.9% over the quarter to $27.77 per square foot. The local economy is forecast to add 68,000 to 72,000 new jobs in 2014, which will help drive further growth in the office market.
2019 Q4 Industrial St. Louis Report ColliersColliersSTL
The St. Louis industrial market saw record construction levels in 2019, with 6.29 million square feet completed, driven by build-to-suit projects. Notable projects included two buildings for World Wide Technology totaling 2 million square feet in the Metro East submarket. Overall vacancy rose slightly to 6.53% due to speculative construction deliveries, while rents decreased slightly and absorption remained strong at over 4.6 million square feet. The Metro East submarket accounted for over half of total vacant space but also the most construction, leasing, and positive absorption.
Philadelphia Americas Market Beat Industrial q42016Matthew Marshall
The Philadelphia industrial market saw declining vacancy rates and strong absorption and leasing activity in Q4 2016. The overall vacancy rate fell to 4.2%, the lowest in over a decade, driven by 8.5 million square feet of absorption. Large leases were signed throughout southern New Jersey and Philadelphia suburbs. Construction is expected to increase in 2017 to meet remaining demand as nearly all space delivered in 2016 was occupied.
Houston's industrial market remains strong due to growth in the oil and gas industry. In Q1 2014, 1.9 million square feet of industrial space was absorbed. Vacancy rates rose slightly to 5.4% and average rental rates increased 2.4% compared to the previous quarter. Job and population growth in Houston are expected to sustain demand for industrial real estate throughout 2014.
The Woodlands office submarket in Houston saw strong leasing activity and positive absorption in 2012 and 2013, despite an increase in vacancy from new construction. Demand is driven by expansion in the energy sector, with ExxonMobil and Anadarko developing new campuses. The healthy local economy and job growth have also supported the market. With continued energy industry growth and a robust housing sector, the submarket is forecast to remain active.
The Houston retail market posted positive net absorption of 998,000 square feet in Q3 2014, with the average citywide vacancy rate falling to 6.1%. New tenants that opened locations during the quarter included Wal-Mart, Floor & Décor Outlets of America, and Petco Unleashed. The retail construction pipeline contained 1.8 million square feet under construction. Houston's job growth rate of 3.9% and falling unemployment rate to 5.4% supported continued strength in the retail sector.
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
The Houston office market continued to contract in Q4 2020 with negative absorption of 836,140 square feet. Vacancy rates increased to 21.7% as the COVID pandemic continued to impact the market. Rental rates remained steady while landlord concessions became more aggressive. The outlook remains uncertain depending on vaccine distribution and return to office trends.
According to the document:
- Office activity has picked up significantly in the past quarter, with demand focused on newer Class A space in the CBD, South Central, and East areas of Austin. This has driven up rental rates in these core areas.
- Sublease space has received significant attention, with many subleases being occupied or nearing lease documentation. This allows tenants to avoid long construction timelines and realize substantial cost savings versus building out their own space.
- Overall vacancy remained at 19.3% as net absorption was negative, but delivery of new supply also slowed, suggesting continued strong demand. Rental rates across Austin increased slightly but remained flat in suburban areas.
The industrial market in Austin, TX continued to experience tight supply and strong demand in the second quarter of 2021. Net absorption was 1,006,935 SF while vacancy dropped to 6.6%. However, the large development pipeline will not provide meaningful relief on vacancy until late 2021 and early 2022 as 2.3 million SF is currently under construction. With constrained supply across all size ranges, escalating rents and limited concessions are expected to continue through the rest of the year.
This document provides an overview of the industrial real estate market in Austin, TX for the first quarter of 2021. Key points include:
- Net absorption was 207K SF with vacancy at 7.9%, continuing the positive trends seen in late 2020.
- Population growth in Austin remains very strong at 184 people per day, fueling demand for industrial space from retailers, manufacturers, and logistics companies.
- Over 1.6M SF of new industrial space is under construction, but continued strong demand is expected to absorb space as it delivers through 2022.
The industrial real estate market in Austin saw tremendous growth and demand in 2020, driven primarily by e-commerce including Amazon expanding its footprint six-fold. Additionally, Tesla's announcement of a new gigafactory in Austin increased demand from suppliers. Available big box space over 100,000 SF became scarce as large requirements competed for limited supply. Developers responded by rapidly pursuing new developments to meet rising demand.
The Woodlands office market posted negative net absorption of 130,960 SF in Q3 2020, pushing the year-to-date total to negative 915,333 SF. The average Class A rental rate decreased to $36.85 per SF while the Class B rate increased to $33.42 per SF. Sublease availability rose with 371,974 SF for Class A and 79,878 SF for Class B. Leasing activity declined 43% from the previous quarter.
The Fort Bend commercial real estate market saw modest improvements in the third quarter of 2020. The office vacancy rate declined slightly while absorption and rental rates decreased. Medical office vacancy rose slightly while rental rates increased. Industrial vacancy rose due to new inventory additions, though rental rates increased and absorption was positive. Retail vacancy and negative absorption increased while rental rates rose. Several new commercial projects are under construction.
The Woodlands office submarket in Houston, Texas recorded negative net absorption of 129,342 square feet in the second quarter of 2020, pushing the mid-year 2020 total net absorption to negative 239,835 square feet. Specifically, Class A space saw negative absorption due to a tenant vacating 134,000 square feet, while Class B space recorded negative absorption of 46,053 square feet. Rental rates for both Class A and B space remained stable despite the increase in vacancy rates caused by the negative absorption.
The Fort Bend commercial real estate market saw declines across most sectors in Q2 2020. The office vacancy rate rose to 11.8% with negative absorption, while average rents fell slightly. Medical office vacancy increased to 15.3% while rents rose. Industrial vacancy remained at 9.4% despite positive absorption as new inventory was added. Retail vacancy increased to 6.9% with negative absorption, as average rents grew slightly. Several new commercial projects are under construction across sectors totaling over 1.2 million square feet.
The document discusses how the COVID-19 pandemic has negatively impacted Houston's healthcare real estate market. Healthcare systems have seen their bottom lines impacted by the cancellation of profitable elective surgeries and costs associated with treating COVID-19 patients. As a result, previously planned expansions have been put on hold or scaled back as healthcare providers reduce expenses and medical office leasing activity has slowed. Some construction projects are still moving forward but larger, more ambitious capital projects have been delayed until the effects of the pandemic subside.
Austin's office market saw a large increase in sublease space availability in Q2 2020, with over 100,000 square feet added from several large companies. The sublease availability increased over 40% compared to the start of Q2, reflecting the economic challenges brought on by the COVID-19 pandemic. However, construction continued on projects like Google and Indeed's downtown towers, and Tesla announced plans for a new factory in Austin, showing signs that Austin remains an attractive market. Vacancy rates increased overall to 13.6% as net absorption turned negative, but some submarkets did see positive absorption.
Austin's industrial market posted negative net absorption in Q1 2020 due to space coming online, including at NorthTech Business Center and Amazon leasing a large space. Rental rates increased across flex/R&D and warehouse/distribution spaces. Over 1 million square feet of industrial space remains under construction, with over 800,000 square feet scheduled for delivery in Q2 2020. Vacancy increased slightly to 8.6% as large blocks of space came to the market.
The Woodlands Class A office market recorded positive net absorption of 277,596 square feet in Q1 2020, while Class B properties saw negative net absorption of 391,360 square feet. Rental rates for Class A properties were $38.58 per square foot on average in Q1 2020 compared to $32.18 for Class B. Vacancy rates for Class A were 7.3% compared to 18.6% for Class B.
The Fort Bend commercial real estate market saw improvements in the office and medical office sectors in Q1 2020. The office vacancy rate decreased while absorption and rental rates increased. Medical office saw declines in vacancy rate and rental rates. The industrial sector grew with strong absorption, but vacancy also increased significantly due to new inventory. Retail rental rates increased slightly while vacancy and absorption decreased. Several new developments are underway across property types.
The document provides a quarterly market report on the Houston retail sector in Q1 2020. It summarizes that the sector was healthy in Q1 but will be negatively impacted by COVID-19 going forward. Key statistics for Q1 2020 include a vacancy rate of 5.4% and 429,013 SF of net absorption. However, retail has been hardest hit by the economic shutdown, and vacancy is predicted to spike to over 12% with store closures. The future impact on the sector is difficult to predict due to the pandemic.
The document provides an overview of the Austin office market in Q1 2020. It summarizes that the market saw 35,453 SF of negative net absorption in Q1, with large negative absorption in Class A buildings. Vacancy increased to 13.0% citywide. Rental rates increased slightly to $35.93 on average. The report also discusses the impacts of COVID-19 on the market and expectations for Q2 2020.
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Q4 2013 Houston Office Market Research Report
1. www.colliers.com/houston
Q4 2013 | OFFICE MARKET
HOUSTON OFFICE
MARKET INDICATORS
Q4 2012 Q4 2013
CITYWIDE NET
ABSORPTION (SF) 656K 1.9M
CITYWIDE AVERAGE
VACANCY 14.5% 14.0%
CITYWIDE AVERAGE
RENTAL RATE $24.25 $25.16
CITYWIDE DELIVERED
INVENTORY (SF) 0 1.4M
CLASS A RENTAL RATE
CBD $37.02 $38.16
SUBURBAN $28.20 $30.18
CLASS A VACANCY
CBD 9.8% 10.2%
SUBURBAN 11.4% 10.8%
RESEARCH & FORECAST REPORT
HOUSTON OFFICE MARKET
STRONG Q4 HELPS PUSH YE-2013 HOUSTON
OFFICE ABSORPTION TO 2.9M SF
Houston’s office market saw a remarkable year, spurred primarily by growth
in the energy sector. The Q4 net absorption of 1.9M SF, (totals not seen
since 2007), pushed year-end office absorption to 2.9M SF. More than 1.4M
SF was added to Houston’s office inventory and, at the close of Q4, 10.7M
SF of new office development was under construction. Energy giants such as
Apache, BHP, ExxonMobil, Phillips 66, and Shell, currently have expansion
projects in the construction pipeline, and many others have announced plans
to build new office buildings to accommodate growth.
The citywide average rental rate increased 3.8% from $24.25 per SF to
$25.16 per SF over the year and 1.5% from $24.80 per SF between quarters.
Citywide average Class A rents increased 3.0% and Class B rents increased
5.4% over the quarter.
The Houston metropolitan area added 86,200 jobs between November 2012
and November 2013, an annual increase of 3.1% over the prior year’s job
growth. Local economists have forecasted 2014 job growth to remain steady,
adding between 68,000 and 72,000 jobs. Further, Houston’s unemployment
fell to 5.6% from 5.8% one year ago. Houston area home sales increased
19.4% between November 2012 and November 2013.
Houston’s economy is expected to remain strong in 2014 due to steady job
growth and continued expansion in the energy sector.
ABSORPTION, NEW SUPPLY & VACANCY RATES
5.0%
7.0%
9.0%
11.0%
13.0%
15.0%
17.0%
-1,500,000
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Net Absorption New Supply Vacancy
Houston
UNEMPLOYMENT 11/12 11/13
HOUSTON 5.8% 5.6%
TEXAS 6.0% 5.8%
U.S. 7.4% 6.6%
JOB GROWTH
ANNUAL
CHANGE
# OF JOBS
ADDED
HOUSTON 3.1% 86.2K
TEXAS 2.5% 275.7K
U.S. 1.7% 2.3M
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted)
2. RESEARCH & FORECAST REPORT | Q4 2013 | HOUSTON OFFICE MARKET
$26.00
$28.00
$30.00
$32.00
$34.00
$36.00
$38.00
$40.00
Class A Office Rents
CBD Rents Suburban Rents
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
CBD VS. Suburban
Class A Office Vacancy
CBD Vacancy Suburban Vacancy
QUOTED GROSS RENTAL RATES FOR EXISTING TOP PERFORMING OFFICE BUILDINGS
BUILDING NAME ADDRESS SUBMARKET RBA (SF)
YEAR
BUILT
LEASED
AVAIL.
SF
RENT
($/SF)
OWNER
717 Texas 717 Texas CBD 696,228 2003 98.7% 81,213 $49.77 Hines
Bank of America Center 700 Louisiana CBD 1,268,480 2001 94.6% 184,354 $45.44 M-M Properties
Heritage Plaza 1111 Bagby CBD 1,149,635 1986 99.5% 19,575 $50.14 Brookfield Office Properties
BG Group Place 811 Main CBD 972,474 2011 96.1% 147,642 $48.71 NPS of Korea
CityCentre Three 842 W Sam Houston Pky N Katy Freeway 120,211 2012 94.7% 6,349 $45.00 Midway T & C Land Investors
Williams Tower 2800 Post Oak Blvd West Loop/Galleria 1,476,973 1983 99.1% 54,457 $48.72 Invesco Real Estate
BBVA Compass Plaza 2200 Post Oak Blvd West Loop/Galleria 312,574 2013 77.5% 70,244 $46.50 RS Post Oak Perennial LP
CityWestPlace 4 2103 CityWest Blvd Westchase 518,293 2001 98.8% 71,223 $46.43 Parkway Properties , Inc.
One BriarLake Plaza 2000 W Sam Houston Pky Westchase 502,410 2000 97.5% 53,384 $46.50 TIER REIT, Inc.
One Hughes Landing 1800 Hughes Landing Blvd The Woodlands 197,719 2013 97.8% 4,442 $46.00 The Woodlands Development
Company, L.P.
3 Waterway Square
Place
3 Waterway Ave The Woodlands 231,589 2013 98.4% 3,693 $42.35 The Woodlands Development
Company, L.P.
Note: Avail. SF includes direct and sublet space.
Source: CoStar Property
2COLLIERS INTERNATIONAL | P.
VACANCY & AVAILABILITY
Houston’s citywide vacancy rate fell 100
basis points between quarters to 14.0% from
15.0%, and fell 50 basis points annually from
14.5% in Q4 2012. Between quarters, the
average CBD vacancy rate decreased 30
basis points to 12.8% from 13.1% while the
average suburban vacancy rate decreased
40 basis points to 14.4% from 14.8%.
The average CBD Class A vacancy rate
decreased 50 basis points to 10.2% from
10.7%, and the average CBD Class B
vacancy rate fell 20 basis points to14.9%
from 15.1%. The average suburban Class A
vacancy rate decreased 60 basis points to
10.8% from 11.4%, and the average
suburban Class B vacancy rate fell 70 basis
points to 17.4% from 18.1%.
Of the 1,301 existing office buildings in our
survey, only 44 have 100,000 SF of
contiguous space available for lease or
sublease. Further, only 17 have 200,000 SF
of contiguous space available. Citywide,
available sublease space totals 4.5 million
SF or 2.5% of Houston’s total office
inventory, but only 1.8 million SF of this
sublease space is currently vacant.
ABSORPTION & DEMAND
Absorption increased in Q4 as new space
was delivered and tenants expanded.
Houston’s office market posted 1.9M SF of
positive net absorption, significantly more
than the 656,000 SF posted in the same
quarter one year ago.
Suburban Class C space posted the largest
loss, with 37,349 SF of negative net
absorption. Suburban Class A space posted
the largest gain, with 1.3M SF of positive net
absorption, mostly due to tenants expanding
into new space in the Katy Freeway and The
Woodlands submarkets.
Some of the larger tenants that moved into
new space or expanded into additional space
during Q4 include Modec International
(127,000 SF) and Atwood Oceanics (82,000
SF) - both companies moved into Energy
Crossing II in the Katy Freeway submarket;
Geico (136,000 SF) moved into Mason Creek
Office Center located in the Katy Freeway
submarket; Subsea (96,300 SF) and Houston
Offshore (62,147 SF) moved into Westgate I
in the Katy Freeway submarket; and
Anadarko Petroleum Corp. (550,000 SF),
began expansion into its newly-constructed
Tower 2 in The Woodlands submarket.
RENTAL RATES
The citywide average rental rate increased
3.8% from $24.25 per SF to $25.16 per SF
over the year and 1.5% from $24.80 per SF
between quarters. Citywide average Class A
rents increased 3.0% and Class B rents
increased 5.4% over the quarter.
The CBD Class A average rental rate
increased 2.6% from $37.19 per SF to
$38.16 per SF between quarters, while the
suburban Class A average rental rate
increased 1.3% from $29.79 per SF to
$30.18 per SF. The average CBD Class B
rental rate rose 1.0%, while the average
suburban Class B rental rate increased 5.3%
between quarters.
3. RESEARCH & FORECAST REPORT | Q4 2013 | HOUSTON OFFICE MARKET
Q4 2013 SIGNIFICANT SALES TRANSACTIONS – (100,000 SF or greater)
BUILDING NAME
SUB-
MARKET
RBA (SF)
YEAR
BUILT
BUYER SELLER
SALE
PRICE
$/SF
CAP
RATE
CLOSED
712 Main St CBD 794,186 1929/
1989
The Lionstone Group Brookfield Asset
Management
$94M $118 6.2 10/2013
10451 Clay Rd Katy
Freeway
97,295 2013 Cole Corporate
Income Trust, Inc
Crimson Real
Estate Fund, LP
$30M $307 N/A 11/2013
Beltway 8 Corporate
Center Bldgs 3 & 4
Northwest 261,413 2007 Agellan Commercial
REIT
Buchanan Street
Properties
$45M $172 8.2 10/2013
Marathon Oil Tower West Loop/
Galleria
1,168,805 1983 CBRE Global
Investors
Hanover Real
Estate Partners
$245M $210 5.25 10/2013
3COLLIERS INTERNATIONAL | P.
SALES ACTIVITY
Houston’s office investment sales activity included 21 sales transactions with a total sales volume of approximately $1.0 billion,
averaging $224 per SF. Listed below are a few significant transactions that closed during the fourth quarter.
LEASING ACTIVITY
Houston’s office leasing activity reached 2.6 million SF in the fourth quarter, bringing the year-end leasing activity to 11.9 million
SF. Below is a list of select Q4 2013 top lease transactions, the majority of which were new.
1
Renewal
2
Expansion
3
Sublease
4
Pre-lease/proposed or under construction
Building Name/Address Submarket SF Tenant Lease date
Mason Creek Office Center Katy Freew ay 135,716 Geico Oct-13
CGG Corporate Campus Phase 6 Westchase 106,992 CGG Veritas4
Nov-13
Granite Briarpark Green Westchase 88,510 Noble (Gulf of Mexico) Inc. Dec-13
Wells Fargo Plaza CBD 64,938 Susman Godfrey LLP1
Oct-13
Tw o Allen Center CBD 55,535 Chevron Nov-14
One Allen Center CBD 55,607 Marsh USA Inc. Oct-13
1 Blvd Place West Loop/Galleria 54,676 Frost Bank Oct-13
Wells Fargo Plaza CBD 49,724 TD Warehouse Oct-13
1401 Enclave Parkw ay Katy Freew ay 46,568 IHS Global2
Dec-13
1200 Smith CBD 28,350 Houston Energy, L.P.3
Nov-13
Energy Tow er IV Katy Freew ay 26,006 Spectrum Geo4 Oct-13
801 Louisiana CBD 12,250 Goodrich Petroleum Nov-13
Q4 2013 Top Office Leases
6. RESEARCH & FORECAST REPORT | Q4 2013 | HOUSTON OFFICE MARKET
HOUSTON SUBURBAN OFFICE MARKET SUMMARY - CONTINUED
6COLLIERS INTERNATIONAL | P.
Vacancy
Rental
Rate
Class
# of
Bldgs.
Total (SF) (SF) Rate (%) (SF) Rate (%) Total (SF) Q4-2013 Q3-2013 Q4-2013 YE-2013 AVG ($/SF)
Northwest and Northwest Outlier
A 14 2,630,137 472,796 18.0% 28,113 1.1% 500,909 19.0% 19.6% 14,929 83,077 $21.99
B 66 6,008,819 1,083,298 18.0% 120,519 2.0% 1,203,817 20.0% 22.5% 146,078 47,450 $17.45
C 21 865,721 201,852 23.3% 0 0.0% 201,852 23.3% 22.8% -4,282 -73,346 $15.14
Total 101 9,504,677 1,757,946 18.5% 148,632 1.6% 1,906,578 20.1% 21.7% 156,725 57,181 $18.67
Richmond/Fountainview
B 12 695,665 215,291 30.9% 0 0.0% 215,291 30.9% 30.9% -612 38,261 $16.42
C 13 565,718 140,472 24.8% 0 0.0% 140,472 24.8% 22.0% -16,181 -63,651 $12.40
Total 25 1,261,383 355,763 28.2% 0 0.0% 355,763 28.2% 26.9% -16,793 -25,390 $14.94
San Felipe/Voss
A 3 1,714,929 264,499 15.4% 0 0.0% 264,499 15.4% 15.4% -317 53,430 $32.58
B 29 3,090,668 299,385 9.7% 44,242 1.4% 343,627 11.1% 10.6% -14,891 -54,594 $21.88
C 2 126,362 42,428 33.6% 0 0.0% 42,428 33.6% 33.6% 0 -3,862 $13.00
Total 34 4,931,959 606,312 12.3% 44,242 0.9% 650,554 13.2% 12.9% -15,208 -5,026 $25.72
South
A 1 80,000 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 $26.83
B 14 528,721 59,561 11.3% 0 0.0% 59,561 11.3% 7.4% -20,432 9,882 $19.80
C 6 204,042 44,450 21.8% 0 0.0% 44,450 21.8% 22.5% 1,450 2,700 $12.90
Total 21 812,763 104,011 12.8% 0 0.0% 104,011 12.8% 10.7% -18,982 12,582 $18.57
South Main/Med Center
A 1 485,000 0 0.0% 0 0.0% 0 0.0% 0.0% 0 0 -
B 9 568,214 82,330 14.5% 0 0.0% 82,330 14.5% 14.1% -2,338 2,716 $16.85
C 5 321,794 66,318 20.6% 0 0.0% 66,318 20.6% 10.8% -31,470 -20,838 $17.28
Total 15 1,375,008 148,648 10.8% 0 0.0% 148,648 10.8% 8.4% -33,808 -18,122 $17.01
Southeast/Outlier
B 8 872,699 78,411 9.0% 0 0.0% 78,411 9.0% 9.0% 0 15,043 $20.30
C 2 48,054 17,283 36.0% 0 0.0% 17,283 36.0% 36.0% 0 -17,283 $17.00
Total 10 920,753 95,694 10.4% 0 0.0% 95,694 10.4% 10.4% 0 -2,240 $19.66
Southwest
A 4 1,051,351 197,893 18.8% 0 0.0% 197,893 18.8% 19.3% 5,406 -17,488 $17.12
B 49 5,346,079 1,700,719 31.8% 3,205 0.1% 1,703,924 31.9% 31.9% 1,966 33,715 $16.39
C 27 1,551,023 220,569 14.2% 1,600 0.1% 222,169 14.3% 13.7% -10,424 -28,713 $13.95
Total 80 7,948,453 2,119,181 26.7% 4,805 0.1% 2,123,986 26.7% 26.7% -3,052 -12,486 $16.13
Southwest Far and Outlier
A 2 93,591 19,143 20.5% 0 0.0% 19,143 20.5% 20.6% 149 25,787 $25.49
B 16 598,823 13,016 2.2% 1,594 0.3% 14,610 2.4% 2.6% 695 6,446 $22.57
C 2 51,396 2,100 4.1% 0 0.0% 2,100 4.1% 4.1% 0 -50 $18.00
Total 20 743,810 34,259 4.6% 1,594 0.2% 35,853 4.8% 4.9% 844 32,183 $23.52
Inventory Direct Vacancy Sublease Vacancy VacancyRate (%) Net Absorption (SF)
7. RESEARCH & FORECAST REPORT | Q4 2013 | HOUSTON OFFICE MARKET
OFFICE DEVELOPMENT PIPELINE
Houston’s construction pipeline continues to expand with 10.7 million SF under construction at the end of Q4 2013. The table below
includes buildings containing 150,000 SF or greater.
HOUSTON SUBURBAN OFFICE MARKET SUMMARY - CONTINUED
COLLIERS INTERNATIONAL | P. 7
Building Name Address Submarket SF
Pre-
Leased Developer
Est.
Delivery
ExxonMobil North Campus I-45 & Springwoods Village
Pkwy
The Woodlands 3,000,000 100.0% ExxonMobil (Gilbane Building
Co)
Jun-14
Energy Center Three 935 N Eldridge Pky Katy Freeway 546,604 100.0% Trammell Crow Company May-15
Southwestern Energy HQ I-45 & Grand Parkway The Woodlands 515,000 100.0% Patrinely Group, LLC Dec-14
Noble Energy Center II SH 249 & Louetta Rd FM 1960/Hwy 249 456,000 100.0% Trammell Crow Company Jun-15
Energy Tower III 11740 Katy Fwy Katy Freeway 428,831 100.0% Mac Haik Realty LLC Jan-14
Energy Tower IV 11750 Katy Fwy Katy Freeway 428,831 6.1% Mac Haik Realty LLC Dec-14
Shell Woodcreek 200 N Dairy Ashford Rd Katy Freeway 375,000 100.0% Hines Feb-14
Shell Woodcreek 11910 Katy Fwy Katy Freeway 375,000 100.0% Hines
Two BriarLake Plaza 2050 W Sam Houston Pky S Westchase 337,888 51.9% Cassidy Turley Apr-14
Energy Crossing II 15011 Katy Fwy Katy Freeway 321,508 87.5% Opus Corporation Jan-14
Westchase Park 3600 W Sam Houston Pky S Westchase 300,000 0.0% PM Realty Group Dec-14
Town Centre I 700 Town & Country Blvd Katy Freeway 254,489 0.0% Moody Rambin Jan-15
Mustang Engineering 17325 Park Row Katy Freeway 225,885 100.0% Transwestern Jul-14
The Offices at Greenhouse 19219 Katy Fwy Katy Freeway 203,149 67.1% Stream Realty Partners Jul-14
Building 5 - Repsol 2455 Technology Forest Blvd The Woodlands 200,000 100.0% Warmack Investments May-14
Two Hughes Landing 1790 Hughes Landing Blvd The Woodlands 197,719 8.7% The Woodlands Development
Company, L.P.
May-14
Westgate II 17320 Katy Fwy Katy Freeway 186,375 100.0% Transwestern Jan-14
Jacobs Plaza 12140 Wickchester Ln Katy Freeway 168,050 45.4% PM Realty Group Jun-14
Texas Instruments 13905 University Blvd E Fort Bend Co/Sugar
Land
160,000 100.0% Planned Community
Developers
Apr-14
Sierra Pines II 1575 Sawdust Rd The Woodlands 153,810 0.0% Stream Realty Partners Aug-14
Park Ten Center 1 16200 Park Row Katy Freeway 150,000 25.9% Lincoln Property Company Jul-14
Park Ten Center 2 16200 Park Row Katy Freeway 150,000 25.9% Lincoln Property Company Sep-14
Vacancy
Rental
Rate
Class
# of
Bldgs.
Total (SF) (SF) Rate (%) (SF) Rate (%) Total (SF) Q4-2013 Q3-2013 Q4-2013 YE-2013 AVG ($/SF)
West Loop/Galleria
A 36 14,668,434 1,612,125 11.0% 261,793 1.8% 1,873,918 12.8% 13.2% 57,495 446,484 $33.57
B 46 6,136,622 835,511 13.6% 9,975 0.2% 845,486 13.8% 15.4% 101,025 115,732 $26.03
C 6 369,268 5,512 1.5% 0 0.0% 5,512 1.5% 1.2% -1,048 -3,950 $19.11
Total 88 21,174,324 2,453,148 11.6% 271,768 1.3% 2,724,916 12.9% 13.6% 157,472 558,266 $31.06
Westchase
A 22 6,162,306 782,311 12.7% 87,160 1.4% 869,471 14.1% 8.7% -58,554 -56,309 $33.23
B 47 5,440,001 686,019 12.6% 11,189 0.2% 697,208 12.8% 11.8% -53,561 -11,216 $19.29
C 10 686,419 56,893 8.3% 0 0.0% 56,893 8.3% 8.0% -1,773 -807 $15.26
Total 79 12,288,726 1,525,223 12.4% 98,349 0.8% 1,623,572 13.2% 10.1% -113,888 -68,332 $26.47
The Woodlands
A 18 4,348,194 172,396 4.0% 69,787 1.6% 242,183 5.6% 8.0% 613,019 1,065,731 $38.20
B 43 2,972,902 220,952 7.4% 55,839 1.9% 276,791 9.3% 8.4% -28,503 -6,704 $22.55
C 1 24,080 2,000 8.3% 0 0.0% 2,000 8.3% 8.3% 0 1,500 $19.20
Total 62 7,345,176 395,348 5.4% 125,626 1.7% 520,974 7.1% 8.8% 584,516 1,060,527 $27.56
Inventory Direct Vacancy Sublease Vacancy Vacancy Rate (%) Net Absorption (SF)
8. RESEARCH & FORECAST REPORT | Q4 2013 | HOUSTON OFFICE MARKET
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