Houston's top 5 submarkets for office leasing activity in 2023 (so far)

Bar graph of Houston office leasing activity by submarket
  • Houston's office market has seen an uptick in leasing activity during the first half of 2023, with 3.3 msf leased and 37.8% of the leasing volume taking place in the Energy Corridor submarket by tenants leasing 10k sf or more.
  • Leasing velocity within the Energy Corridor submarket has accelerated in recent quarters, with several large transactions over 100k sf completed by engineering and energy-related firms, including Fluor, Kiewit Engineering, Wood Group, Technip Energies and Modec International.
  • The Energy Corridor is the third largest office submarket in Houston and is home to a large concentration of engineering and energy-related firms, with both of these sectors representing 35.1% of Houston’s overall leasing activity year-to-date.

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