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HOUSTON (NAI Partners) – March 18, 2019 -The Southeast submarket has four million sf of industrial space underway, one-third of the total industrial construction in the metro. The submarket recently experienced a more than $50 billion petrochemical expansion that is positively affecting demand for industrial supply, particularly for plastics and logistics. The largest projects under […]
TEXAS (HomesUSA.com) – February 26, 2019 – The average new home price in Texas rose by nearly $1,500 to $358,880 in January, according to HomesUSA.com The average price of a new home rose in Texas’ four largest markets in January, with Houston leading the gains, according to the the HomesUSA.com New Home Sales Index. Sales […]
HOUSTON (NAI Partners) – February 25, 2019 – After peaking at 22 percent in 2Q 2018, local office vacancy fell to 21.1 percent this month, according to NAI Partners. So far, year-to-date 2019 net absorption is in positive territory at 762,230 sf. The metro created 108,300 jobs, a 3.5 percent increase, in the 12 months […]
HOUSTON (Connect Daily Texas) – February 1, 2019 – Two of the nation’s largest oil companies are doubling down on Texas, pouring billions of dollars into refineries. Chevron USA Inc. has inked an agreement with Petrobras America Inc. to acquire Pasadena Refining Systems Inc. for $350 million. The deal includes all outstanding shares and equity […]
HOUSTON (Houston Chronicle) – January 15, 2019– A near-term forecast indicates continued overall economic growth in Houston but warns that manufacturing growth may slow over coming months. The Houston Purchasing Manager’s Index reported that manufacturing activity in Houston expanded in December for the 15th consecutive month, and overall economic activity expanded for the 29th month. The […]