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The 10 Largest Blocks Of Available Office Space

At the risk of beating a dead horse, the Houston office market is not great. There are 108 blocks of 100k-plus SF available marketwide. At Q2, total vacancy was 18.5% and total availability was 26.6%, meaning over one in four floors is available for lease. The impact of the energy sector is crystal clear when you look at the 10 largest available office blocks—all but two are former energy company space. 

800 Bell

800 Bell

Size: 1.3M SF

Class: B

Submarket: CBD

Type: Relet

Availability: Vacant

Vacated Tenant: Exxon Mobil

609 Main

609 Main

Size: 608k SF

Class: A

Submarket: CBD

Type: New

Availability: Q1 2017

Vacated Tenant: N/A

Energy Center IV

925 N Eldridge Pkwy, Energy Center IV

Size: 598k SF

Class: A

Submarket: The Energy Corridor

Type: Sublet

Availability: Vacant

Vacated Tenant: Conoco Phillips

Four Westlake

BP West Lake

Size: 559k SF

Class:

Submarket: Energy Corridor

Type: Sublet

Availability: Q1 2017

Vacated Tenant: BP

Energy Center V

915 N Eldridge Pkwy, Energy Center V

Size: 524k SF

Class: A

Submarket: Energy Corridor

Type: New

Availability: Vacant

Vacated Tenant: N/A

Six Greenspoint Place

12450 Greenspoint Dr

Size: 356k SF

Class: A

Submarket: Greenspoint

Type: Relet

Availability: Q4 2016

Vacated Tenant: Exxon Mobil

One Shell Plaza

One Shell Plaza

Size: 350k SF

Class: A

Submarket: CBD

Type: Sublet

Availability: Negotiable

Vacated Tenant: Shell

Five Greenspoint Place

17001 Northchase, Five Greenspoint Place

Size: 336k SF

Class: A

Submarket: Greenspoint

Type: Relet

Availability: Vacant

Vacated Tenant: Exxon Mobil

Four Oaks Place

The 10 Largest Blocks Of Available Office Space

Size: 320k SF

Class: A

Submarket: Galleria

Type: Sublet

Availability: Negotiable

Vacated Tenant: BHP Billiton

Republic Square

13501 Katy Frwy

Size: 320k SF

Class: B

Submarket: Energy Corridor

Type: Relet

Availability: Vacant

Vacated Tenant: Exxon Mobil

A special thanks to Rachel Alexander at JLL for compiling the data.