... office vacancy is about to take a hit as the sublease market dumps space through expirations. Houston will return 43 full ... floors of sublease office space within the next 12 months as the term ...
... Fuselier) tell us there’s now 2M SF of industrial sublease available. Subleases haven’t been prevalent for a few years ...
There’s just shy of 300k SF of sublease vacancy available, Josh (here speaking at Bisnow’s Future of ...
... & Wakefield Executive Vice Chairman Tim Relyea said. “All the sublease hangover that we've been working on, One Shell, BG ... those three assignments represent an estimated 1.3M SF of sublease space. Individually, they are some of the largest available blocks ...
... Petroleum put about 814K SF on the sublease market between 5 Greenway Plaza and 3 ... at 9 Greenway Plaza, bringing the Houston sublease office market to 9.3M SF of ... 's merger with Vistra also beefed up sublease availability, putting about 102K SF on the ...
... , with little change during down markets. In contrast, sublease asking rents reflect shifts in market conditions, for both ... their financial obligations with the lease. Nevertheless, gross sublease asking rents tend to be slightly less revealing of ...
... pre-pandemic levels and shows that Houston’s office sublease market is stabilizing, Savills Managing Director Alecia Schneider said ... . Yet despite recent stabilization, numerous large blocks of sublease space remain available. The largest share is from oil ...
... Wakefield. In October, Relyea predicted that all of Houston’s sublease “hangover” would be gone. The volume has certainly dropped, though ... office space right now. “We may inevitably see increased sublease space, when these tenants are able to focus on their ...
... in less than two years, brokers said. “I call it sublease purgatory,” NAI Partners Senior Associate Nick Terry said. “It ... also helps to alleviate downward pressure on rents, stopping sublease rates from undercutting market rates as the sublessor looks to ...
... %), the Energy Corridor (21%) and Westchase (16%). The abundance of sublease space will take time to be absorbed, with a steady ... pace throughout 2018, according to NAI Partners' Leta Wauson. The sublease deals that are getting done have been small. A 19K ...
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