E Fort Bend Commercial Real Estate Trends | Q2

By: Colliers | Fort Bend
 
HOUSTON - Aug. 16, 2022 - PRLog -- Key Takeaways
  • Office posts negative absorption and vacancy increases
  • Medical office vacancy is down quarterly and annually
  • Industrial records positive absorption and vacancy drops
  • Retail records positive net absorption and vacancy falls

Office Highlights

The E Fort Bend office submarket contains 6.1M SF of office space. The submarket posted 34,352 SF of negative net absorption in Q2 pushing the year-to-date 2022 total net absorption to negative 78,823 SF. The average vacancy rate increased 60 basis points over the quarter from 21.1% to 21.7%. The average quoted gross rental rate increased over the quarter from $29.95 to $30.17 per SF, and leasing activity increased over the quarter from 29,913 SF in Q1 2022 to 73,006 SF in Q2 2022. There are currently no buildings under construction in the submarket.

Medical Office Highlights
The E Fort Bend medical office submarket contains 1.8M SF of medical office space. The submarket recorded 2,102 SF of negative net...See the full story here: https://www.colliers.com/en/research/houston/q2-2022-fort...

Contact
Lisa Bridges
***@colliers.com
End
Email:***@colliers.com Email Verified
Tags:Fort Bend Market Report
Industry:Real Estate
Location:Houston - Texas - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Colliers International | Houston PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share