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22 mar 2023 · Workplace occupancy stands at 60% in Houston, one of the highest rates within primary office markets according to Kastle occupancy data. Still, the office market has been unable to see positive results from this impact with overall vacancy at the end of the fourth quarter of ’22 at 25.0 percent.
9 paź 2023 · In Houston, Dallas, and Austin, roughly 25 percent of office space was vacant in the third quarter of 2023. “That was more than double New York’s vacancy rate of 12% and well above San Francisco’s vacancy rate of 17%,” Putzier writes, despite those cities having some of the nation’s highest return-to-office rates. What does this mean?
San Francisco certainly isn’t the only major U.S. city experiencing high office vacancy rates, but its numbers are among the most severe. We took a look at Cushman & Wakefield’s Office MarketBeat reports to see how the city’s office vacancy rates and asking rent compare to other cities.
31 maj 2023 · Vacancy rate of office space in Texas, United States from 2021 to 2023, by submarket [Graph], Cushman & Wakefield, April 11, 2023. [Online].
15 kwi 2024 · Vacancy Rate at 25.1%. The overall vacancy rate in Houston’s office market is 25.1%. Quarter-over-quarter, the vacancy rate increased 30 basis points from 24.8%. Year-over-year, the vacancy rate increased 80 basis points from 24.3%. Class A and Class B properties have vacancy rates of 26.2% and 24.6%, respectively.
Houston, Dallas and Austin top the list of major U.S. cities with the highest office-vacancy rates, according to Moody’s Analytics.
Houston office price per square foot in 2023 was $31.12 on average. This marked a +0.39% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 26.52% across all asset classes combined.
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