NAI Partners recently held its quarterly press breakfast, which as usual featured a panel of the company’s experts—this edition was rounded out by Jon Silberman, Taylor Wright, Michael Keegan, Jim Tainter and Andrew Pappas—holding forth on a variety of trends and topics they are seeing across the company’s Office, Industrial, Landlord Services and Investment Fund service offerings, respectively.
Taylor Wright, Vice President, on the Houston office market:
“From a statistical standpoint, to date in 2019 we’ve seen a continuation of the positive net absorption we ended 2018 with. Anecdotally, it seems like not a day goes by where we’re not seeing a new coworking provider coming into the market.
Jon Silberman, Managing Partner, on the Houston office market:
“While we’re glad to see continued positive absorption, it doesn’t mean the office market is out of the woods quite yet. Though space is being absorbed at an improved clip, in many cases these leases represent companies moving to new locations. For the Houston office market to thrive again it will need to start seeing an increased number of expansions, new entities taking space up, and existing companies not yet in Houston expand their operations to the Bayou City.”
Jim Tainter, Managing Director, Landlord Services:
“The gap between performing and non-performing markets is critical to continue to keep an eye on, since that’s where the opportunity lies.”
Michael Keegan, Partner, on the Houston industrial market:
“For as long as I’ve been doing this, I’ve never seen the industrial market this hot. More companies than ever are viewing Houston as a primary distribution hub”
Andrew Pappas, SVP, NAI Investment Fund:
“We feel like we have barely scratched the surface of our platform’s capabilities. Our team is laser-focused on leveraging technological sophistication that leverages proprietary data combined with financial acumen and decades of market experience from NAI’s market experts in order to generate value for our investors. We are very excited about what the future holds for our platform in 2019 and beyond.”