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The 8 Largest Sublease Spaces Expiring In The Next 24 Months

Houston's occupancy rate is being buoyed by large-scale institutional ownership sitting on millions of empty square feet across the city. We tracked down the eight largest subleases set to expire in the next 24 months that could put a serious dent in Houston's occupancy. 

The 8 Largest Sublease Spaces Expiring In The Next 24 Months
Greenspoint

Data from Transwestern shows the eight largest subleases expiring in the next two years total over 1.5M SF of potential direct vacancy. Half of them are owned by either ExxonMobil or Phillips 66, and all but one are energy tenants.  

Three Greenspoint Place - 233 Benmar Drive - Greenspoint 

Tenant: ExxonMobil

Size: 253K SF

Months Remaining: 12

Three Westlake Park - 550 Westlake Park Blvd. - Katy Freeway West

Tenant: Phillips 66

Size: 222K SF 

Months Remaining: 20

Westchase Marker
Westchase District marker

Pinnacle Westchase - 3010 Briar Park Drive - Westchase 

Tenant: Phillips 66

Size: 210K SF

Months Remaining: 24

Northborough Tower - 100 Glenborough - Greenspoint 

Tenant: Noble Energy 

Size: 204K SF

Months Remaining: 10

Eight Greenspoint Plaza - 222 Benmar - Greenspoint

Tenant: ExxonMobil

Size: 198K SF

Months Remaining: 12

Energy Corridor
Energy Corridor

Energy Center I - 585 North Dairy Ashford - Katy Freeway West

Tenant: Amec Foster Wheeler

Size: 183K SF

Months Remaining: 14

Three Northborough - 12707 North Freeway - Greenspoint

Tenant: FMC Technologies

Size: 151K SF

Months Remaining: 10 

Pennzoil Place
Pennzoil Place

Pennzoil Place North Tower - 700 Milam - CBD

Tenant: Freeport McMoRan

Size: 140K SF

Months Remaining: 14