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
The Southwest submarket contains 71.6 million sq. ft. of inventory, with Warehouse/Distribution representing 52.0 million sq. ft. of that total, Manufacturing 7.3 million sq. ft., and Flex space 12.3 million sq. ft. The submarket… Continue Reading
The North submarket contains 102 million sq. ft. of inventory, with Warehouse/Distribution representing 78 million sq. ft. of that total, Manufacturing 12 million sq. ft., and Flex space 10 million sq. ft. Of the… Continue Reading
The Northeast submarket contains 37 million sq. ft. of inventory, with Warehouse/Distribution representing 29 million sq. ft. of that total, Manufacturing 7 million sq. ft., and Flex space 580,000 sq. ft. Of the more… Continue Reading
The Northwest submarket has posted positive net absorption in all but three quarters during the past five years, and the first quarter of 2019 was one of the three, due in part to new… Continue Reading
The Southeast submarket has posted positive net absorption in all but one quarter during the past five years, and vacancies have remained steady, averaging 4.7% during the same time period. The submarket has undergone… Continue Reading
As of the end of the first quarter of 2019, the vacancy rate for Class A and Class B office/medical properties was up 90 basis points quarter-over-quarter to 16.8%, and an increase of 220 basis… Continue Reading
The Sugar Land area continues to benefit from its diverse tenant base with several large energy/engineering firms that call the area home—such as Fluor Enterprises, Schlumberger, Fairfield Technologies, and Nalco Champion—non-energy tenants such as Coca-Cola,… Continue Reading