Lee & Associates Houston · Office Agency Leasing

Houston, up close.

Thank you for making time to meet with us. This briefing gathers our latest Houston research, floor by floor views of the city's key office districts, and recent investment activity, so we can talk through what we are seeing on the ground and what it could mean for your buildings.

Office at a glance

Q2 2026 · Lee & Associates Research

496,066 SF

Net absorption

Up from (277,613) SF last quarter

22.9%

Direct vacancy

Down 20 bps quarter over quarter

$31.48

Direct asking gross rent / SF

Up 1.3% quarter over quarter

60%+

Leasing in Trophy and Class A

Flight to quality continues

337,651 SF

Under construction

Down 30.2% quarter over quarter

Explore the briefing

Market Report · Q2 2026 Greater Houston Office Vacancy, leasing, rents, and the development pipeline across the metro. Open → Market Report · Q3 2026 Industrial Distribution A record quarter for absorption and leasing, with vacancy tightening to 5.2%. Open → Market Report · Q3 2026 Port Houston Trade activity, infrastructure investment, and the Southeast Houston industrial story. Open → Market ReportComing soon Retail Market Houston retail fundamentals and leasing trends. Preview page → Building Stacks Downtown CBD 47 Class A towers, tenant by tenant and floor by floor, with availability and a district map. Open → Building Stacks Energy Corridor 75 office buildings along the Katy Freeway corridor, tenant by tenant and floor by floor, home to many recent corporate relocations. Open → Building StacksComing soon Galleria Stacking plans for the Galleria and Uptown office core. Preview page → Capital Markets Office Investment Sales Our tracker of recent Houston office investment sales. Open →