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    we love WFH

    Houston ranks No. 2 in America for office vacancies, study finds

    Amber Heckler
    Aug 20, 2024 | 12:34 pm
    Empty office space, office vacancy rates

    Why go into the office when your job can be completed from home?

    Photo by Nastuh Abootalebi on Unsplash

    A new study of the office rental market in the U.S. has revealed Houston has the second highest rate of office vacancies nationwide. In fact, the total square footage of Houston’s empty office space adds up to 1,153 football fields.

    The report by Indian service provider Outsource2India discovered 18.6 percent of all office space in Houston is sitting empty, a figure that has grown by 1.6 percent since 2023.

    To put the football fields comparison into perspective, that means about 1,522 acres of office space around the city is sitting empty, or nearly 66.30 million square feet.

    Rent prices for office space around the U.S. has largely remained unchanged, the report says, except for a very slight uptick in Houston and Austin. Rent prices have gone up just one dollar since the last year to $30 per square foot in Houston, and $44 in Austin.

    It's not hard to see why so many offices are sitting empty, especially considering the rising demand (and popularity) of remote and hybrid professions since the COVID-19 pandemic. In a 2020 analysis, Forbes said companies prioritizing the "remote work revolution" saw an increase in teleworker productivity, performance, engagement, retention, and profitability. In 2024, secondary benefits of flexible work environments include smaller carbon footprints, more women in the workplace, reduced operating costs, and more.

    Outsource2India suggests major businesses in cities like Houston will need to reimagine their work culture and office spaces in order to compete with flexible work models.

    “As remote work continues to reshape workplace dynamics, there is a pressing need for this market to evolve and adapt,” the report said.

    After all, Houston commutes aren't getting any easier, and more workers are starting to look for less commute-heavy vocations in suburbs with top job markets.

    San Francisco was the only U.S. metro area with a higher office vacancy rate than Houston, at 21.7 percent. However, the actual square footage of empty office space in the city only adds up to 721 football fields, or nearly 952 acres of space.

    Elsewhere in Texas, Dallas-Fort Worth has the third highest office vacancy rate in the nation, at 18 percent, followed by Austin with a 16.7 percent vacancy rate. According to the study's football field comparison, the total square footage of empty office space in Dallas and Austin equals 1,328 and 392 football fields, respectively.

    The top 10 metro areas with the highest office vacancy rates are:

    • No. 1 – San Francisco, California
    • No. 2 – Houston, Texas
    • No. 3 – Dallas, Texas
    • No. 4 – Austin, Texas
    • No. 5 – Washington, D.C.
    • No. 6 – Chicago, Illinois
    • No. 7 – Denver, Colorado
    • No. 8 – Phoenix, Arizona
    • No. 9 – Los Angeles, California
    • No. 10 – San Jose, California

    Outsource2India tracked office rent prices in major U.S. metropolitan areas for 2023 and 2024 to discover the top 10 metro areas with the highest office vacancy rates using data from the National Association of Realtors (NAR).

    The full report can be found on outsource2india.com.

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    Post Oak property redeveloped

    Renovated Galleria development will add 'greatest neighborhood restaurant'

    Eric Sandler
    Jun 4, 2025 | 1:08 pm
    Central Park Post Oak redevelopment rendering
    Courtesy of Midway
    The complex will add two new buildings.

    A Galleria-area office complex has announced a comprehensive series of renovations and upgrades designed to make it one of the area’s premier mixed-use destinations. Renovations are currently underway at the Post Oak Central development, which will now be known as Central Park Post Oak.

    Located at 2000 Post Oak Boulevard between Westheimer and San Felipe, Central Park Post Oak is a 17-acre parcel that consists of three high-rise office buildings with a combined 1.2 million square feet of office separated by an expansive lawn. Houston-based real estate development firm Midway, working with real estate investment firms 3Edgewood and Parkway, plans to replace that lawn with two new retail buildings and a greenspace. The changes are partially inspired by the Post Oak Boulevard redevelopment project that added more than 1,000 trees, wider sidewalks, and dedicated bus lanes to the bustling thoroughfare.

    "Our vision is to create a dynamic, walkable urban destination that honors the Boulevard’s rich history while meeting the evolving needs of Houston's Uptown District. We are crafting a lifestyle for those who work, shop, and dine here," Midway executive vice president Clayton Freels said in a statement.

    One anchor of the new retail component will be the first Houston location of The Henry, a restaurant that will occupy a newly-constructed, 7,000-square-foot, jewel box space. Part of Fox Restaurant Concepts (North Italia, Flower Child), The Henry is described as “the greatest neighborhood restaurant.” It’s open for weekday breakfast, weekend brunch, lunch, and dinner with an eclectic menu that includes sandwiches, salads, sushi, steak, seafood, and more.

    Other changes to the property include the addition of on-street parking, upgrades to the complex’s parking garages, and more new retailers and restaurants that will be announced in the coming months. The project began construction in April with plans to finish by fall 2026.

    In addition, Midway announced that TDECU will occupy 125,000 square feet in Central Park One and BBVA has leased a floor (20,000 square feet) in Central Park Two.

    Central Park Post Oak redevelopment rendering
      

    Courtesy of Midway

    The complex will add two new buildings.

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