Newmark：2025年第三季度休斯顿办公楼市场报告（英文版）

Average annual full-service asking rental rates rose to a new all-time high of $30.29/SF, reflecting a 2.3% increase year over year. Direct rates increased by 2.1% year over year to $30.48/SF while sublease rents rose by 8.8% annually to $24.56/SF, resulting in a widening rent spread of $5.92/SF. Overall vacancy rates rose by only 10 basis points year over year to 25.5% in the third quarter of 2025. On a quarterly basis, vacancy fell by 10 basis points, indicating that occupancies may be begi