The Woodlands office market posted negative net absorption of 129,342 SF in the second quarter, pushing the mid-year 2020 total net absorption to negative 239,835 SF. Class A space recorded negative net absorption in Q2, however, adding that to the 277,596 SF of positive net absorption recorded in the first quarter brings the Class A mid-year net absorption total to positive 194,307 SF. The Class A negative absorption recorded in Q2 2020 was due to Occidental Petroleum vacating 134,000 SF in The Woodlands Towers at The Waterway.

Since tenants typically do not move into lease space immediately after signing a lease, absorption lags and is... Click here to read the full report.