Sentences with phrase «estimate new office space»

Research firms estimate new office space added to the market in 2016 at between 70 and 72 million sq. ft. ConstructConnect tabulates 70.2 million sq. ft. of new office supply this year, while CoStar data shows new deliveries at approximately 72.8 million sq. ft.

Not exact matches

Houston also faces the challenge of absorbing a hefty supply of new developments, with an estimated 10 million sq. ft. of office space that has been recently completed or is coming on - line.

Vacancy is not expected to rise rapidly, but with an estimated 91 million sq. ft. of new office space under construction nationally, demand may not be able keep pace with deliveries in 2017, according to the Colliers report.