• Houston has recovered 113,800 jobs since April, equating to nearly half of the jobs that have been lost since February 2020.
  • Houston office space net absorption totaled -1.2 million sq. ft. with 12 of the 20 submarkets posting negative absorption.
  • Sublease space has risen slowly over the last two quarters but is still under 6.0 million sq. ft., representing 10.2% of total availability and 2.6% of existing inventory at the end of Q3 2020.
  • The construction pipeline fell to 4.2 million sq. ft. at quarter-end after 430,000 sq. ft. of new deliveries were introduced to office inventory.