Houston’s average office deal size at one of its lowest points since 2009

Despite broader economic recoveries, Houston’s office market is still struggling to recover from the sluggish demand and absorption brought on by the energy slump.

In the third quarter of 2017, the average office deal size across all property types was just 4,700 square feet, according to a report from the Houston office of Chicago-based JLL. The average office deal size in Houston has been steadily decreasing since 2014, when the average deal size was roughly 7,000 square feet. In 2015 and 2016 , the average deal sizes were around 6,000 square feet and 5,000 square feet, respectively.

Click to read more at Houston Business Journal.