Lee & Associates Houston · Office Agency Leasing

Houston, up close.

Thank you for your interest in the Houston market. This briefing gathers our latest Houston research and recent investment activity, so you can see what we are seeing on the ground and what it could mean for your buildings. Your Lee & Associates team is always glad to talk it through with you.

Office at a glance

Q3 2026 · Lee & Associates Research

22.9%

Direct vacancy

Unchanged quarter over quarter

$31.36

Direct asking gross rent / SF

Down 0.4% quarter over quarter

(39,738) SF

Net absorption

Suburbs +195,002 SF, CBD (234,740) SF

~71%

Leasing in Class A

Flight to quality continues

487,968 SF

Under construction

Unchanged quarter over quarter

Explore the briefing

Market Report · Q3 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 → Capital Markets Office Investment Sales Our tracker of recent Houston office investment sales. Open →