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The Woodlands office submarket records negative net absorption in Q2 2020, but positive net absorption year-to-date.

The Woodlands office market posted negative net absorption of 129,342 SF in the second quarter due to Occidental Petroleum vacating 134,000 SF in The Woodlands Towers at The Waterway as anticipated when The Howard Hughes Corporation purchased the towers from Occidental. However, The Woodlands market still recorded a mid-year positive net absorption of 194,307 SF.

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