Houston office market remains resilient as leasing pulls back from previous quarter

After the sharp increase in leasing activity observed in Q2 2023, leasing activity in the Houston office market has tapered down with approximatelv 2.5 million square feet (msf) leased in Q3 2023 Despite this decrease in leasing activity, the Houston office market is on track to outpace the total leasing activity of 11.2 msf reported in 2022. While the CBD saw a significant amount of leasing, West Houston continues to gain momentum with an influx of new leases and relocations. Throughout the year, West Houston has seen an increase in corporate relocations as companies move to be closer to their workforce.

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