CoStar Market Insight: Signs Office Market Ready To Rebound
Fundamentals in the Houston office market have been on an unfavorable downward trend since the beginning of 2015. Given how much of the metro is tied to energy, the downfall in 2015 led to severe job cuts, downsizing and bankruptcies from energy-related firms.
As such, companies have been adopting smaller footprints, and the more than 45 million square feet delivered this cycle has resulted in significant vacancy expansion.
Although vacancies…
