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2016 vs. 2015 Houston Sublease Activity

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Lately, Houston's office market has been defined by low oil prices and abundant sublease space. With the oil downturn approaching its third year, how has sublease space shaped up? New data from JLL breaks it down. 

Subleases Signed

2015: 181

2016: 280

Leases Above 10K SF

2015: 30

2016: 61

Leases Above 20K SF

2015: 16

2016: 25

Total Space Leased

2015: 1,287,308 SF

2016: 2,028,685 SF