Market Report houston skyline

Q1 2014 | Houston Office | Market Report

Houston’s office market had a phenomenal first quarter, recording 2.3M SF of positive net absorption, the highest quarterly amount since 2.5M SF was  recorded in Q2 2007.

More than 2.1M SF was added to Houston’s office inventory and, at the close of Q1, 15.1M 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 2.5% from $25.45 per SF to $26.09 per SF over the quarter and 6.1% from $24.59 per SF over the year. Citywide average Class A rents increased 3.7% and Class B rents increased 2.0% over the quarter.


Simply fill out the form below to view the full report.


We pride ourselves on building and sharing expertise in order to create success for our clients and our people. Our passion for continuously expanding our knowledge base enables us to take a fresh and imaginative approach to everything we do.

Visit now

Case Study

Colliers helps Hillshire locate a new urban headquarters that would meet it's unique business and cultural needs—in the client's 12-month relocation timeline. Learn more about this award-winning project.