Fort Bend office absorption down 85 percent

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FORT BEND – According to Colliers International 4Q2018 Commercial Trends Report, the local office market posted 11,031 sf of positive net absorption in 4Q2018, an 85 percent decrease from the previous quarter.

The average vacancy rate fell 10 basis points (bps) from 10.7 to 10.6 percent over the quarter, and the average quoted rental rate decreased slightly by 1 percent from $26.69 to $26.42 per sf.

No buildings were under construction.

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