It does appear that is what he said. Understanding that he is in the business of marketing office space (so it's in his interest to exaggerate the scarcity) but still that seems like a wild exaggeration. Even if you consider that he may have meant only three good office sites besides those already spoken for (so excluding the sites for 6 Houston Center, 5 Allen Center, 1500 Smith, Allen Center Clay Street, the 50-story Chevron tower, the adjacent block(s) owned by Chevron, Capitol Tower, One Market Square)... So excluding those 9 or so good office sites, are there really only 3 good office sites left in downtown Houston? What about... Block 142 (Milam, Louisiana, Walker, McKinney) Block 97 (Rusk, Walker, LaBranch, Austin) Block 251 (Lamar, Dallas, LaBranch, Austin), which would in turn open up 275 and 276, which would in turn open up 291 and 292 Block 319 (Clay, Bell, Milam, Travis) Block 318 (Clay, Bell, Travis, Main) Block 317 (Clay, Bell, Fannin, Main) Block 335 (Bell, Leeland, Travis, Main) Block 352 (Leeland, Pease, Travis, Milam)? And that's without getting into blocks that are/will be candidates for tear-downs (e.g. Block 257).