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Houston Super Bowl CRE Snapshot: 2004 vs. 2017

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Commercial real estate moves pretty fast. If you don’t stop and look around once in a while, you could miss it. The Super Bowl is coming to Houston again after 13 years, offering the perfect opportunity to look at how far Houston CRE has come. NAI Partners put together a snapshot of the industry. The absorption and leasing data reflects the year leading up to the Super Bowl, and the rental and vacancy rates reflect the actual time of the big game.

Houston Industrial 

Houston Skyline Park
Houston skyline

Net Absorption

2003: 2M SF

2016: 8.6M SF

Leasing Activity

2003: 15.6M SF

2016: 21.7M SF

Average Asking Rents

2004: $5.68/SF

2017: $7.21/SF

Vacancy Rate

2004: 8.9%

2017: 5.6%

Houston Office

Houston Skyline

Net Absorption

2003: 726k SF

2016: -64k SF

Leasing Activity

2003: 18M SF

2016: 2.4M SF

Average Asking Rent

2004: $17.93/SF

2017: $21.54/SF

Vacancy Rate

2004: 15.7%

2017: 15.7%

Related Topics: NAI Global, Super Bowl LI