{"id":663,"date":"2014-04-22T11:58:19","date_gmt":"2014-04-22T18:58:19","guid":{"rendered":"http:\/\/www.officefinder.com\/officeblog\/?p=663"},"modified":"2014-04-22T11:58:19","modified_gmt":"2014-04-22T18:58:19","slug":"houston-office-space-hot-submarkets","status":"publish","type":"post","link":"https:\/\/www.officefinder.com\/officeblog\/houston-office-space-hot-submarkets\/","title":{"rendered":"Houston Office Space: Hot Class A Submarkets"},"content":{"rendered":"<p>A recent report from JLL identified the 5 hottest Class A submarkets within the Houston Office Space Metro area. In addition, CBRE reports that office absorption growth has been steady in Houston.<\/p>\n<p>&#8220;IN TEN OF THE LAST ELEVEN QUARTERS, THE MARKET HAS SURPASSED THE 900,000 SQ. FT. NET ABSORPTION MARK, WITH SIX OF THOSE NINE QUARTERS HAVING SEEN NET ABSORPTION OVER 1 MILLION SQ. FT.&#8221;<\/p>\n<h3>Here are the Houston office space submarkets that the JLL report identified:<\/h3>\n<ul>\n<li>The Energy Corridor had the lowest Class A office vacancy in the first quarter of 2014 at 4.7 percent and one of the highest rental rates at $34.17 per square foot.<\/li>\n<li>Central Business District: 8.7 percent vacancy with an average rental rate of $40.51<\/li>\n<li>Westchase: 8 percent vacancy with an average rental rate of $37.60<\/li>\n<li>Greenway Plaza: 7 percent vacancy with an average rental rate of $34.93<\/li>\n<li>The Woodlands: 6.6 percent vacancy with an average rental rate of $37.84<\/li>\n<\/ul>\n<p>JLL Report information via\u00a0<a href=\"http:\/\/www.bizjournals.com\/houston\/blog\/breaking-ground\/2014\/04\/here-are-houston-s-most-crowded-expensive-office.html\"> Houston Business Journal<\/a>.<\/p>\n<p>Unfortunately the Class B Office Space Market in Houston is not faring quite so well with a vacancy rate near 15% resulting in the average rental rate being over $10 \/ sf less than that of Class A space. If you are looking for a &#8220;deal&#8221; in Houston on office space, Class B will be what to consider.<\/p>\n<p>Find out more by contacting our <a title=\"Houston office space rep\" href=\"https:\/\/www.officefinder.com\/m\/624\">local Houston office space rep<\/a>.<\/p>\n<p>Find <a title=\"Find Houston Office Space\" href=\"https:\/\/www.officefinder.com\/Local\/Houston-Office-Space-TX\/\" target=\"_blank\">Houston Office Space<\/a><\/p>\n<p>By: <a title=\"James Osgood Google+ Profile\" href=\"https:\/\/plus.google.com\/107922107677932936899?rel=author\" target=\"_blank\">James Osgood<br \/>\n<\/a>OfficeFinder<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report from JLL identified the 5 hottest Class A submarkets within the Houston Office Space Metro area. In addition, CBRE reports that office absorption growth has been steady in Houston. &#8220;IN TEN OF THE LAST ELEVEN QUARTERS, THE MARKET HAS SURPASSED THE 900,000 SQ. FT. NET ABSORPTION MARK, WITH SIX OF THOSE NINE\u2026 <a href=\"https:\/\/www.officefinder.com\/officeblog\/houston-office-space-hot-submarkets\/\">Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[167,166,168],"class_list":["post-663","post","type-post","status-publish","format-standard","hentry","category-office-space-market-information","tag-class-a-office","tag-houston-office-space","tag-office-vacancy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\r\n<title>Houston Office Space: Hot Class A Submarkets<\/title>\r\n<meta name=\"description\" content=\"A recent report form JLL identified the 5 hottest Class A submarkets within the Houston Office Space Metro area.\" \/>\r\n<meta name=\"robots\" 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