Vacancy at 26.3%. The overall vacancy rate in the Energy Corridor office market was down 10 basis points quarter-over-quarter, and down significantly more year-over-year from 30.7% in Q2 2019. The vacancy rate for Class A… Continue Reading
There is a noteworthy concentration of large build-to-suit distribution and speculative logistics developments in the Katy/Brookshire area along I-10. The area’s proximity to Katy, Cinco Ranch, Bridgeland, Richmond, Rosenberg, and Sugar Land means tenants… Continue Reading
The Northwest submarket has posted positive net absorption in all but three quarters during the past five years with 1.1 million sq. ft. of net absorption in the first half of 2020. Northwest industrial… Continue Reading
As of the end of the fourth quarter of 2019, the vacancy rate for Class A and Class B office/medical properties was up 80 basis points quarter-over-quarter to 17.0%, and an increase of 150 basis… Continue Reading
The Northwest submarket has posted positive net absorption in all but four quarters during the past five years with a robust 2.2 million sq. ft. of absorption in Q4 2019, the highest quarterly tally… Continue Reading
The Southeast submarket contains 103 million sq. ft. of inventory, with Warehouse/Distribution representing 83 million sq. ft. of that total, Manufacturing 17 million sq. ft., and Flex space 3 million sq. ft. Of the… Continue Reading
The North submarket contains 105 million sq. ft. of inventory, with Warehouse/Distribution representing 81 million sq. ft. of that total, Manufacturing 13 million sq. ft., and Flex space 10 million sq. ft. Of the… Continue Reading
Vacancies starting to tick up The Galleria/West Loop submarket is second in total office market inventory only to the Central Business District. Large tenants like Bechtel, Stewart Title, alliantgroup, Hines, CBRE, and Landry’s help represent… Continue Reading
Encouraging signs towards recovery Cautious optimism surrounding the Houston office market has continued during 2019, and improvements in the local economy have been embraced by the Energy Corridor submarket. While there is still a significant… Continue Reading
As of the end of the second quarter of 2019, the vacancy rate for Class A and Class B office/medical properties was down 20 basis points quarter-over-quarter to 16.3%, and up 150 basis points… Continue Reading