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Houston (BISNOW via Greater Houston Partnership) November 18, 2015 – Houston will likely end 2015 with 9,200 job losses, according to Greater Houston Partnership VP Patrick Jankowski. Patrick keynoted Transwestern’s Trendlines event Thursday. Greater Metro area is coming off FIVE years of unprecedented growth, in which Houston added $110B to the local economy. (Austin’s whole […]
Dallas (Federal Reserve) – November 17, 2015 – Houston Business-Cycle index declined an annualized 1.9percent in September. That is the first drop since April’s 5.1 percent decline. Soft employment and help wanted advertising data last month were met with real estate metrics that suggest the slowdown in energy so far has only modestly affected a still-healthy […]
Houston (BISNOW) – November 17, 2015 – Uptown/Galleria is faring better than most of Houston’s main business districts. According to Transwestern’s newly released Trendlines report, it’s got 473k SF of sublease space, well below Greenspoint, Westchase, the CBD or the Energy Corridor. Overall, there’s 3.1M SF immediately available in the 33M SF submarket. That puts it […]
Houston (HBJ-Paul Takahashi) November 17, 2015 – Houston’s multifamily market will continue to soften next year amid the oil slump, according to a new market report by Transwestern. The Houston-based commercial real estate firm released its 15th annual Trendlines report, which looked at emerging trends in the Bayou City’s commercial real estate market. After several robust years, […]
HOUSTON (Colvill Office Properties) – November 17, 2015 – Local Class-A office occupancy continues to decline, ending the third quarter at 80.8 percent (including sublease space), down from 88.1 percent this time last year. According to Colvill Office Properties’ latest office market report, average quoted rental rates declined in the third quarter to $25.64 per sf, down $0.63 from a […]