Texas cities grapple with abundance of empty office space
The Texas Tribune
The Austin, Dallas-Fort Worth and Houston areas have office vacancy rates that range from 21% to 25%, vacancies that could complicate the post-pandemic recoveries of downtown areas, which depend on office workers to support restaurants and retail businesses. But whether the glut of space at a time when developers are continuing to construct more office buildings foreshadows a brewing economic storm remains to be seen.