2021 Office Market Report

COSTAR Houston - TX-Office-Market-2021-01-15

While some positives are beginning to emerge, it continues to be tough sledding for Houston’s office market. Lower oil prices and the pandemic have caused tenants to delay leasing decisions this year, and the market has been plagued by large energy tenant move- outs. Sales volume is also down considerably over the same period last year, as the market remains in a period of price discovery.