Anyone following the market knows how much sublease space is available in Houston, recent estimates are over 8M SF. But is anyone taking it? We tracked down the 10 largest sublease deals around town since the oil downturn in 2014. The hot areas for sublease absorption may surprise you.
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1. Texas Children's Health Plan
Building: 6330 West Loop South, pictured
Submarket: Bellaire
Size: 139k SF
Sublessor: WorleyParsons
Term: 10 years
2. Jones & Carter
Building: 6330 West Loop South
Submarket: Bellaire
Size: 56k SF
Sublessor: WorleyParsons
Corporate HQ move
Together, these two deals take up a huge chunk of the 274k SF WorleyParsons put on the market in November 2014.
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3. MRC Global
Building: Fulbright Tower, pictured
Submarket: CBD
Size: 50k SF
Sublessor: PanAtlantic
4. AXIP Energy Services
Building: Fulbright Tower
Submarket: CBD
Size: 49k SF
Sublessor: Fieldwood
5. Orrick Herrington & Sutcliffe
Building: Fulbright Tower
Submarket: CBD
Size: 48k SF
Sublessor: Fulbright
Term: Short-term
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6. EMAS
Building: 10500 Richmond, pictured
Submarket: Westchase
Size: 47k SF
Sublessor: WorleyParsons
Term: Short-term
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7. BEI Engineers
Building: 12301 Kurland, pictured
Submarket: Gulf Freeway/Pasadena
Size: 26k SF
Sublessor: L-Con Constructors
Term: Three years
8. Rockcliff Energy
Building: Fulbright Tower
Submarket: CBD
Size: 25k SF
Sublessor: Memorial Resources
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9. Terra Energy Partners
Building: Loop Central III, pictured
Submarket: Bellaire
Size 22k SF
Sublessor: Universal Ensco
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10. Clean Power Finance
Building: Brookhollow Central II, pictured
Submarket: North Loop West
Size: 21k SF
Sublessor: Sterling Bank
First office in Houston
Data from Transwestern's Rachel Alexander
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