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Q4 2018 | Fort Bend | E Fort Bend Commercial Real Estate Trends

eTradeWire News/10510887
HOUSTON - Feb. 19, 2019 - eTradeWire -- Office Market

The Fort Bend office submarket posted 11,031 SF of positive net absorption in Q4 2018, an 85% decrease from the previous quarter. The average vacancy rate fell 10 basis points (bps) from 10.7% to 10.6% over the quarter and the average quoted rental rate decreased slightly by 1.0% from $26.69 to $26.42 per SF. There are no buildings currently under construction.

Medical Office Market

The average quoted rental rate increased over the quarter from $29.10 to $29.41 per SF. The average vacancy rate rose 100 bps from 11.5% in Q3 2018 to 12.5% in Q4 2018. Leasing activity decreased from 81,400 SF to 13,800 SF over the quarter. One building was under construction in the E Fort Bend/Sugar Land submarket in Q4 2018 and it delivered in January 2019. The new 38,600-SF two-story medical office building located at 7619 Branford Place, is 10% leased.

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Industrial Market*

The average industrial vacancy rate decreased 170 basis points from 6.2% to 4.5% over the quarter. The submarket recorded 473,448 SF of positive net absorption during Q4 2018, down from...

Read more at https://www2.colliers.com/en/Research/Houston/Q4-2018-Fort-Bend

Lisa Bridges Director of Market Research | Houston

Source: Colliers International
Filed Under: Real Estate

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