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Old Posted Mar 17, 2014, 3:19 PM
toxteth o'grady's Avatar
toxteth o'grady toxteth o'grady is offline
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Originally Posted by Htowngrown View Post
That's too much space though. Adding all the office towers planned/proposed it comes out to over 5 million sq ft of spec space. Hines may be getting close to a tenant with 609 Main but I haven't heard anything else from the others. I think those are a bit optimistic, because most of those towers would have to break ground this year to meet those timelines. Developers are much more cautious with Houston this time around so I wouldn't expect anything so bold.
Possibly. Houston businesses are consuming 3 to 4 million square feet of Class A space a year, and it takes 2-3 years to build these towers. I'd say the 5 million will be gone by the time the buildings are completed.
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