Houston Office Figures Q1 2023

May 9, 2023 10 Minute Read

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  • Q1 2023 reported slowdown in overall market activity, creating discussions around shifting office trends across the Houston metro
  • Total leasing volume was suppressed in Q1 2023, showing a 39.4% decrease from Q4 2022
  • Houston office occupancy reached a post-COVID high of 71.8% during Q1 2023, as reported by Kastle Systems
  • Sublease availability remains elevated with a total of 7.9 million sq. ft. on the market