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HOUSTON (REBusiness Online) – January 10, 2020 – At the end of the year, a record-high 19.1 million sf of industrial space across 112 buildings was under construction in the metro, according to Avison Young. Year-end vacancy stood at 6 percent, and two million sf was absorbed in the fourth quarter. Four of the five […]
HOUSTON (CoStar-Justin Boyar) – December 23, 2019 – In Houston’s Galleria-Uptown submarket, more than 80% of office net absorption since 2010 occurred in five-star product, the highest classification of building. The area’s four five-star rated buildings were 7% vacant as of last quarter, versus 19% vacancy for the submarket’s 31 four-star buildings. This signifies potentially pent-up […]
HOUSTON (Greater Houston Partnership via Jeff Morgan-Wells Fargo) – December 16, 2019 – The Partnership’s forecast calls for the region to create 42,300 jobs in ’20. Growth in ’20 in Houston will occur out-side of energy, especially in sectors tied to population growth, the U.S. economy, and global trade. Health care, government, accommodation and food […]
HOUSTON – (Texas A&M Real Estate Center) – November 22, 2019 -The growing average asking rate of renting local retail space persists at a record high of $18.67 per sf on a triple net basis, up 7.3 percent from last year, according to NAI Partners. Local retail occupancy is at 94.4 percent year to date […]
HOUSTON (BISNOW Houston Kyle Hagerty) – October 22, 2019 – As the Houston Astros kick off the World Series at Minute Maid Park and the Houston Rockets prepare for the first game of the 2019-20 season just blocks away at Toyota Center, a new neighbor is entering the area with a $55M purchase of 3.5 […]