Continued development of U.S. 183-MoPac Expressway submarket brings prominence to Austin’s office market. VACANCY RATE TIGHTENS TO 10.6% As of Q4 2021, overall vacancy in the U.S. 183-MoPac Expressway area has tightened to 10.6%,… Continue Reading
Vacancy rate has tightened by over 20% in past 12 months. Robust industrial market in Northwest Houston The NW/Highway 290-SH 249 sub-market encompasses a 5-mile radius of the immediate area containing 91 million sq.… Continue Reading
VACANCY AT 24.6% The overall vacancy rate in the FM 1960/Highway 249 office market was up 60 basis points quarter-over-quarter, up 90 basis points year-over-year, and slightly above the metro average of 24.4%. The… Continue Reading
NET ABSORPTION In the second quarter, Midtown overall net absorption remained positive at 12,300 sq. ft. Class A registered at negative 54,000 sq. ft. and Class B recorded positive 15,800 sq. ft. Companies are attracted… Continue Reading
TGS Cedar Port Industrial Park, located in Chambers County near Houston, Texas, is the largest master-planned, rail-and-barge-served industrial park in the U.S. and offers industry-leading access for distribution, manufacturing, and terminal users. TGS Cedar Port… Continue Reading
Vacancy at 26.8%. The overall vacancy rate in the Houston Energy Corridor office market was up 210 basis points quarter-over-quarter, although down 160 basis points year-over-year from 28.4% in Q3 2019. The vacancy rate for… Continue Reading
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