{"id":16326,"date":"2018-04-25T13:08:56","date_gmt":"2018-04-25T13:08:56","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=16326"},"modified":"2025-04-15T16:51:44","modified_gmt":"2025-04-15T13:51:44","slug":"texas-office-sales-q1-2018","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/","title":{"rendered":"Texas Office Sales Hit 5-Year Low in Q1"},"content":{"rendered":"<ul>\n<li><a href=\"#Q1sales\">Office investment sales drop 63% y-o-y in Q1<\/a><\/li>\n<li><a href=\"#Q1price\">Average prices inch back towards the $200 mark<\/a><\/li>\n<li><a href=\"#Q1topdeal\">Houston Marathon Oil Tower finally sells in largest Q1 deal<\/a><\/li>\n<li><a href=\"#pipeline\">Over 6 million square feet of new product on track for Q2 delivery<\/a><\/li>\n<\/ul>\n<p>Texas\u2019 top-tier office markets were off to a slow start this year, wrapping up what looks like one of the worst quarters of the last five years. The dollar volume dropped 63% year-over-year, concluding Q1 with $504 million in disclosed-price transactions, while prices climbed to an average of $199 per square foot. The 5.6 million square feet of inventory that traded during Q1 was the lowest quarterly total in five years. At the same time, developers have been hard at work\u2014nearly 4.8 million square feet of product were delivered in the Austin, Dallas-Fort Worth, Houston, and San Antonio office markets in Q1, and an additional 6.7 million square feet are on track for delivery in Q2.<\/p>\n<h3 id=\"Q1sales\">Texas Office Sales Drop 63% Y-o-Y in Q1<\/h3>\n<p>The $504 million in disclosed-price Q1 transactions marks a 63% year-over-year decrease in dollar volume, making it the worst-performing quarter in five years. Out of the 22 sales recorded in Q1, only 10 were disclosed-price transactions. Even though sales amassed in the remaining 12 deals would help paint a more favorable picture, overall office sales activity remained slower than usual\u2014Q1 was the first quarter in five years when fewer than 30 major office deals closed across the top four Texas markets.<\/p>\n<div class=\"infogram-embed\" data-id=\"d460103f-8fdc-4f68-91da-0789c1749b2f\" data-type=\"interactive\" data-title=\"Texas Office Sales Q1 2014 - Q1 2018\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><br \/>\nQuarterly sales activity was mostly carried by the DFW and Houston office markets, where 19 assets traded through March. The <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/dallas\/\">Dallas<\/a>&#8211;<a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/fort-worth\/\">Fort Worth<\/a> metroplex was the most active in terms of number of deals closed\u201411 sales were recorded during Q1 for $87 million (prices for 7 of the 11 transactions were undisclosed). By contrast, assets sold on the Houston office market accounted for 80% of total Q1 Texas office sales\u2014$343 million in disclosed-price transactions. Three sales closed on the Austin market, two of which had undisclosed prices, while no office properties larger than 50,000 square feet changed hands on the <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/bexar-county\/san-antonio\/\">San Antonio office market<\/a> during Q1.<\/p>\n<div class=\"infogram-embed\" data-id=\"34744f1f-5e94-48cc-bdc7-cadcace80bd7\" data-type=\"interactive\" data-title=\"Q1 2018 - Texas Office Markets\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<h3 id=\"Q1price\">Average Price per Sq. Ft. Recovery Stops Short of $200<\/h3>\n<p>The average price per square foot for office properties trading on the four combined Texas markets dropped 32% year-over-year. Resting at $199 per square foot through March, average prices are inching back up from falling in Q4 2017, after having reached peak values of nearly $300 per square foot.<\/p>\n<p>The highest prices were recorded on the <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/\">Houston office market<\/a>, where assets traded at an average of $144 per square foot in Q1. In the Dallas-Fort Worth market, office properties commanded an average of $108 per square foot. No average price could be calculated for the Austin and San Antonio office markets, due to low disclosed-price sales activity.<\/p>\n<div class=\"infogram-embed\" data-id=\"84c359f2-0a1f-4b67-9f03-91718e1f3a08\" data-type=\"interactive\" data-title=\"Q1 2018 Texas Average\u00a0Price per Square Foot\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<h3 id=\"Q1topdeal\">Uptown Houston Tower Trades in Top Q1 Office Deal<\/h3>\n<div id=\"attachment_16329\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_MarathonOilTower.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16329\" class=\"size-medium wp-image-16329\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_MarathonOilTower-240x300.jpg\" alt=\"Marathon Oil Tower, 5555 San Felipe Street, Houston\" width=\"240\" height=\"300\" \/><\/a><p id=\"caption-attachment-16329\" class=\"wp-caption-text\"><em>Marathon Oil Tower, 5555 San Felipe Street, Houston<\/em><\/p><\/div>\n<p>Although the Houston office market has been struggling as a consequence of crude oil hovering at the $50 per barrel bull\/bear line, it remains one of the best six markets for investment in 2018. Eight deals closed here during Q1\u2014half the number of sales that were recorded during the previous quarter. Even so, the Houston office market concluded Q1 with the highest dollar volume\u2014a trend that is consistent among the top four Texas markets.<\/p>\n<p>Not surprisingly, Space City was home to the largest sale of the quarter.\u00a0Baupost Group and M-M Properties partnered up and paid $175 million for the Marathon Oil Tower that CBRE had previously acquired in 2013 for $246 million. This was the third time that the 1.2 million-square-foot <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/uptown-houston\/\">Uptown Houston office property<\/a> was put on the market since 2015. Sold at 90% occupancy, roughly two thirds of the property is leased to anchor tenant Marathon Oil through 2021. The new owners plan to spend more than $25 million on upgrading the building\u2019s public spaces and garage, and adding a modern conference center and new dining amenities.\u00a0This transaction is further indication that investors believe the market has bottomed out and are anticipating a solid recovery over the next few years.<\/p>\n<div class=\"infogram-embed\" data-id=\"cba57551-7038-4eaa-955c-a16f3a84ec0f\" data-type=\"interactive\" data-title=\"Major Texas Office Deals in Q1 2018\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><br \/>\nAustin was home to the second-largest deal of the quarter. In January, Lionstone Investment completed the aquisition of two <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/austin\/rollingwood-center\/\" target=\"_blank\" rel=\"noopener\">Rollingwood Center office buildings<\/a> for an estimated $74 million. Completed in 2015 by Endeavour Real Estate, the Southwest Austin office properties encompass\u00a0214,587 square feet, and were <a href=\"https:\/\/www.bisnow.com\/austin-san-antonio\/news\/office\/lionstone-investments-picks-up-2-rollingwood-office-buildings-84415\" target=\"_blank\" rel=\"noopener\"><em>reportedly<\/em><\/a> sold fully leased to six tenants.<br \/>\nBy contrast, the largest disclosed-price deal to close during Q1 on the Dallas-Fort Worth office market clocked in at a modest $45 million in March, when Sooner Management acquired the 405,734-square-foot <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/irving\/\">Irving office property<\/a> at <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/irving\/1925-west-john-carpenter-fwy\/\">1925 West John Carpenter Freeway<\/a>.<\/p>\n<div id=\"attachment_16336\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_1925WestJohnCarpenterFreeway_resized.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16336\" class=\"size-full wp-image-16336\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_1925WestJohnCarpenterFreeway_resized.jpg\" alt=\"1925 West John W. Carpenter Fwy, Irving\" width=\"640\" height=\"258\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_1925WestJohnCarpenterFreeway_resized.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_1925WestJohnCarpenterFreeway_resized.jpg?resize=150,60 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_1925WestJohnCarpenterFreeway_resized.jpg?resize=591,238 591w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><p id=\"caption-attachment-16336\" class=\"wp-caption-text\"><em>1925 West John W. Carpenter Fwy, Irving<\/em><\/p><\/div>\n<h3 id=\"pipeline\">Tech Companies, Corporate Consolidations Drive Development in Austin, Dallas<\/h3>\n<p>The combined Texas office markets will welcome nearly 11.5 million square feet of new inventory by the close of Q2, 4.8 million square feet having already been delivered through March. Some of the larger projects to come online are corporate campus developments that consolidate various financial and tech companies\u2019 regional operations.<\/p>\n<div class=\"infogram-embed\" data-id=\"6a3746c0-5ca3-4583-a389-050ebddc01e6\" data-type=\"interactive\" data-title=\"Texas Office Completions - Q1 2018\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><br \/>\nJanuary 2018 marked the completion of the JP Morgan Headquarters at Legacy West, in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/plano\/\">Plano<\/a>\u2014the largest of the 17 projects to be finalized during Q1. The massive 1.4 million-square-foot regional campus will bring roughly half of the firm\u2019s 12,000 North Texas employees under one roof. It includes four buildings that flank Main Street\u2014a pedestrian-friendly corridor designed to create a community-type urban feel for the employees. JP Morgan\u2019s Legacy West headquarters includes the country\u2019s largest conference center, which can accommodate up to 800 people, and is intended to serve the financial company\u2019s major international meeting events.<\/p>\n<div id=\"attachment_16334\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16334\" class=\"size-full wp-image-16334\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg\" alt=\"JPMorgan Headquarters at Legacy West, 8181 Communications Pkwy, Plano\" width=\"1000\" height=\"580\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg?resize=150,87 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg?resize=517,300 517w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_JPMorgan_plano_1000x580.jpg?resize=768,445 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-16334\" class=\"wp-caption-text\"><em>JPMorgan Headquarters at Legacy West, 8181 Communications Pkwy, Plano<\/em><\/p><\/div>\n<p>In February, Omaha-based financial services firm TD Ameritrade opened its new headquarters at 1051 West Kirkwood Blvd in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/southlake\/\">Southlake<\/a>, consolidating the financial services, technology, and operations staff from the company\u2019s North Fort Worth location. Situated on a 78-acre parcel, the 355,000-square-foot project is designed to house up to 2,000 employees, and encompasses a two- and three-story building, a 2,111-car parking garage, and a fitness center.<\/p>\n<div id=\"attachment_16335\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16335\" class=\"size-full wp-image-16335\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg\" alt=\"TD Ameritrade Regional Office, 1051 West Kirkwood Blvd, Southlake\" width=\"1000\" height=\"420\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg?resize=150,63 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg?resize=591,248 591w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/YM_TD_Ameritrade_1000x420.jpg?resize=768,323 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-16335\" class=\"wp-caption-text\"><em>TD Ameritrade Regional Office, 1051 West Kirkwood Blvd, Southlake<\/em><\/p><\/div>\n<p>Oracle\u2019s belief in Austin as a vibrant tech hub most recently manifested in the form of the Waterfront Oracle Campus located in the East Riverside Drive corridor, just outside\u00a0<a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/austin\/downtown-austin\/\">Downtown Austin<\/a>. Completed in March, the 560,000-square-foot property is designed to appeal to and address the needs of Austin\u2019s Millennial-rich tech talent pool. The site includes outdoor terraces, a fitness center, a \u201ctech bar\u201d where employees can get their computers and devices repaired, as well as an on-site cafeteria complete with video games and television screens.<\/p>\n<div class=\"infogram-embed\" data-id=\"607f2f12-3b75-4890-bf63-7cd102c37877\" data-type=\"interactive\" data-title=\"Top Deliveries in Texas in Q2 2018\"><\/div>\n<p><script>!function(e,t,n,s){var i=\"InfogramEmbeds\",o=e.getElementsByTagName(t)[0],d=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><br \/>\nA total of 34 projects are on track for delivery in Q2, encompassing roughly 6.7 million square feet. Office development in Texas remains heavily concentrated in the Dallas-Fort Worth metroplex, where 16 projects totaling 4 million square feet are due for completion by the end of June 2018. These include the 1 million-square-foot Liberty Mutual towers I and II being constructed at <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/plano\/legacy\/\">Legacy West<\/a> (due in June), and the 20-story, 500,000-square-foot <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/dallas\/pwc-tower-at-park-district\/\">PwC Tower at Park District<\/a> that is being developed by Trammell Crow in Uptown Dallas (due in May).<\/p>\n<p>Austin\u2019s emerging tech hub appeal has made it Texas\u2019 second major development cluster, with 11 office projects totaling 1.8 million square feet nearing completion in Q2. Noteworthy developments include Stonelake\u2019s Domain Tower, which topped out last fall and is due for completion before the end of May 2018\u2014the 310,000-square-foot <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/austin\/east-austin\/\">North Austin office property<\/a> will be fully occupied by tech company Indeed.<\/p>\n<p>Corporate hubs that are nearing completion in the Austin office market include the 270,000-square-foot Texas Mutual Insurance Co. headquarters in East Austin, and the Charles Schwab headquarters in North Austin, both due in June 2018.<\/p>\n<h4><em>Methodology<\/em><\/h4>\n<p><em>We delved into <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> data to analyze all office transactions with price tags equal to or exceeding $5 million to close in Texas during the first quarter of 2018 (January through March). Our analysis, based on data recorded up until <strong>April 16<sup>th<\/sup>, 2018<\/strong>, includes completed office buildings equal to or larger than 50,000 square feet that changed owners during the quarter. Regarding mixed-use assets, only properties featuring over 50% office space were taken into account. We considered portfolio deals as single transactions and excluded distressed sales altogether. To make sure the trends and comparisons presented in our analysis are valid, we excluded portfolio, partial interest and ground lease deals from our calculation of the average price per square foot.<\/em><\/p>\n<p><em>Although we have made every effort to ensure the accuracy, timeliness and completeness of the information included in this report, the data is provided \u201cas is\u201d and neither CommercialCafe nor Yardi Matrix can guarantee that the information provided herein is exhaustive.\u00a0<\/em><\/p>\n<p><em>Property images courtesy of Yardi Matrix.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Office investment sales drop 63% y-o-y in Q1 Average prices inch back towards the $200 mark Houston Marathon Oil Tower finally sells in largest Q1 deal Over 6 million square feet of new product on track for Q2 delivery Texas\u2019 top-tier office markets were off to a slow start this year, wrapping up what looks&hellip;<\/p>\n","protected":false},"author":48,"featured_media":11735,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,42,39],"tags":[],"class_list":["post-16326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-market-reports","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Texas Office Sales Hit 5-Year Low in Q1 - CommercialCafe<\/title>\n<meta name=\"description\" content=\"The top-tier Texas office markets (Austin, Dallas-Fort Worth, Houston, San Antonio) were off to a slow start this year. The price\/sqft, however, is recovering and development is going strong, as investors feel the markets have bottomed out and there&#039;s nowhere to go but up. Check out the Q1 2018 Texas office sales report on COMMERCIALCafe\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Office Sales Hit 5-Year Low in Q1\" \/>\n<meta property=\"og:description\" content=\"The top-tier Texas office markets (Austin, Dallas-Fort Worth, Houston, San Antonio) were off to a slow start this year. The price\/sqft, however, is recovering and development is going strong, as investors feel the markets have bottomed out and there&#039;s nowhere to go but up. Check out the Q1 2018 Texas office sales report on COMMERCIALCafe\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-25T13:08:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-15T13:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/07\/composite-featured-image_02.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1090\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/\",\"name\":\"Texas Office Sales Hit 5-Year Low in Q1 - CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/texas-office-sales-q1-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/07\/composite-featured-image_02.jpg\",\"datePublished\":\"2018-04-25T13:08:56+00:00\",\"dateModified\":\"2025-04-15T13:51:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\"},\"description\":\"The top-tier Texas office markets (Austin, Dallas-Fort Worth, Houston, San Antonio) were off to a slow start this year. 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