2017 Houston Economic Outlook Summary March 28, 2017 Patrick Jankowski Senior Vice President of Research, Greater Houston Partnership Below are five highlights from the SIOR luncheon and forecast presentation: 1) Per the U.S. Census Bureau,… Continue Reading
There is roughly 4.6 million sq. ft. of available sublease space on the industrial market, down from 5.3 million sq. ft. at the end of Q4 2016. Warehouse/Distribution available sublease space is down 13.2% since… Continue Reading
Why Has Houston Retail Continued to Flourish Despite a Less-Than-Healthy Overall Commercial Real Estate Market? Download PDF Heading into the Great Recession of 2008, the Houston metro area was looking at a glut of 16… Continue Reading
The Houston office market’s overabundance of sublease space may have maxed out at the end of 2016 at about 11.8 million sq. ft. So far in 2017 we are seeing a small spark of optimism… Continue Reading
Market Highlights An increase in overall rental rates in the industrial market indicates that tenants are agreeing to pay extra for more useful new construction space, even with vacancy rates on the rise. Construction continues… Continue Reading
The regeneration of demand for downtown business district office space has been one of the key drivers for vacancy rates dropping to 12.6% in Q4 2016, down from 14.1% during the same time in 2015.… Continue Reading
Market Highlights After a year of construction, the Capitol Wright Distribution Center at 10095 US 290 E is completed. The $39 million, 500,000-sq.-ft. HQ is located on about 86 acres 12 miles northeast of Austin.… Continue Reading
Construction activity was limited with 1,055,043 sq. ft. in the pipeline, which is a modest 1.7% increase of the existing stock inventory once delivered. The total average asking rent declined from Q3 2016 all-time high,… Continue Reading
Vacancy has been below 6.0% since Q2 2014, and net absorption has been positive for 31 consecutive quarters. Mixed-use grocery-anchored construction leads retail development in Houston, with 1.2 million sq. ft. of the total 2.7… Continue Reading
Market Highlights Vacancy overall has been at or below the current rate of 5.6% for 21 consecutive quarters. 53 projects representing 4.7 million sq. ft. of construction underway. 1.6 million sq. ft. in 8 buildings… Continue Reading