HOUSTON (Colliers International) – Houston’s office market posted 81,091 sf
of positive net absorption during second quarter 2011 with the majority taking
place in the suburban sector, according to the latest report from Colliers

Year-over-year vacancy rates decreased from 16.5 percent to 15.9 percent

Rental rates continued to decrease during the second quarter, with the
citywide average rate dropping to $22.70 from $23.81 per sf in the first

Vacancy in CBD Class-A properties continued to soften, reaching 12.5 percent
compared with 9 percent a year ago. In contrast, Class-A suburban vacancy
decreased to 16.2 percent from 19.6 percent a year earlier.

Leasing activity decreased between quarters, consisting mostly of renewals
and/or expansions, suggesting tenants took advantage of more favorable lease