E Fort Bend Commercial Real Estate Trends | Q2

HOUSTON - Rezul -- 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.

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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-bend