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Sublease Market Now Over 11M SF With Addition Of Entire BP Building

BP's Westlake Campus

Houston's huge sublease inventory just got much bigger. UK-based oil & gas giant BP put the entire Westlake Four Building on the sublease market, totaling 562k SF. The company will move all its employees in the building to Westlake One (949k SF) and 390k SF Helios Plaza, reports the Houston Business Journal. Westlake Four (200 Westlake Park) is owned by Falcon Real Estate Investment. The city’s sublease inventory has more than doubled since the fourth quarter of 2014, and now tops 11M SF on the market. [HBJ]

Related Topics: BP, Westlake, The Energy Corridor