The Woodlands office market posted negative net absorption of 130,960 SF in the third quarter, pushing the year-to-date 2020 total net absorption to negative 915,333 SF. The majority of the year-to-date negative absorption can be attributed to Occidental Petroleum vacating 587,000 SF in The Woodlands Towers at The Waterway in Q2 2020.

The average Class A rental rate decreased over the quarter from $39.11 per SF to $36.85 per SF while the... Click here to read the full report.