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Q2 2019 | The Woodlands Office Submarket Snapshot

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The Woodlands office submarket continues to be Houston’s bright spot

The Woodlands office submarket continues to outperform its peer submarkets, posting 128,164 SF of positive net absorption in Q2 2019, bringing the year-to-date total to 542,628 SF. Half of Q2 absorption was due to Med-Data’s move into 50,000 SF in the Havenwood Office Park.

The Woodlands average vacancy rate decreased 130 basis points over the quarter from 9.2% in Q1 2019 to 7.9%. This is the lowest vacancy rate among the submarkets that compete with The Woodlands. Although The Woodlands office market is extremely healthy, there is concern regarding The Woodlands largest tenant Anadarko and Occidental Petroleum's announced acquisition of the company since they have over 2,000 employees in The Woodlands. Anadarko owns two class A office towers which contain close to 1.3 million SF. In the meantime, The Woodlands office submarket is the bright spot in Houston’s struggling office market.



The average quoted rental rates are a mix of direct and sublet rates and are based on a blend of gross and NNN. The graphs below are only intended to show rental rate trends. Actual gross rates are higher than the average rate shown in the graph..


Q1 2018 Woodlands Market Indicators

Q1 2018 Woodlands Market Indicators



Q2 2019 | The Woodlands Office Submarket Snapshot

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Lisa Bridges

Director of Market Research


Lisa joined Colliers in 2010 as Director of Market Research and has 37 years of commercial real estate experience. Lisa initiates proactive market research projects to further the business goals of the company. She writes and prepares 29 market reports annually, including quarterly reports on Houston's retail, office, industrial and healthcare properties.  Further, she prepares statistical ownership reports for various clients as well as an annual Houston Economic Overview. Lisa also creates PowerPoint market presentations, trade journal articles, and other marketing materials supporting the company's business endeavors. She works with senior management in planning the company's marketing strategy and public relations support for local and national conferences, luncheon meetings, recruitment programs, and special events.  Lisa works closely with the company's brokers to develop effective custom market research material specific to existing and potential clients.

Lisa serves on the Colliers Editorial Board, the Colliers U.S. Research Council, and is a recipient of the Colliers Researcher of the Year Award.

Lisa earned the Commercial Property Research Certification (CPRC) from Colliers University.  CPRC is the first and only accreditation for commercial real estate research professionals. It offers a professional development path to increase strategic and tactical expertise in marketing/research, knowledge of the industry and capabilities with commercial real estate tools.

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