Allen Center Brookfield Property Partners is reimagining Allen Center with a $48.5 million renovation.

HOUSTON—Given the healthy Texas and US economies as well as the equilibrium levels of energy employment following a broad sector restructuring, Houston’s office market seemed to begin 2018 on relatively solid footing. The final 90 days of 2017 marked the first quarter of positive net absorption in the Houston office market in 18 months. The overall net absorption quietly trended positive in fourth quarter 2017 as 325,000 square feet was absorbed, according to the Office MarketView Q4 2017 report by CBRE.