Houston Office Market Figures Q4 2022

January 11, 2023

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  • Class A office buildings recorded a year of consistent positive net absorption, totaling 1,525,358 sq. ft. in 2022, as the flight-to-experience trend continued
  • Houston overall net absorption recorded positive 107,458 sq. ft. in 2022, following six consecutive years of annual office footprint contraction
  • Total leasing volume fell by 16.0% quarter-over-quarter, as the economic downturn ensued
  • Year-end physical occupancy grew to 68.0% during peak in-office days (Tuesday - Thursday) as reported by Kastle Systems