HOUSTON (Houston Association of Realtors)
– Houston’s office and industrial markets are recovering more quickly than
expected, according to the Houston Association of Realtors’
quarterly market research
.

The office market fared well in first quarter 2011, especially Class-A
space, which had a positive absorption of 203,564 sf.
Overall negative net absorption was 64,608 sf.

The industrial market is stabilizing, with a negative absorption
of only 34,621 sf.