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
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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
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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%
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