Relationships in Real Estate HOUSTON OFFICE MARKET — 1st QTR 2015 Houston’s second place rank in Fortune 500 headquarter locations, coupled with one of the healthiest population and employment growth rates among major U.S. cities, has resulted in one of the most stable commercial real estate markets in the nation over the past ten (10)…
Houston’s office market is still heavily weighted in tenants’ favor. Big picture: The market will continue to soften, even as leasing activity (coming back from deeply depressed levels) picks up. Huh? Let me explain. Last year, we were left with 230,000 feet on the market after the implosion of Stanford Financial. More vacancy is looming…
Office building values have plummeted in value as much as 50 percent since their 2007 peak. The factors causing this decline were many. Fully cognizant of the real estate value implosion and the general economic malaise, office tenants wonder, “Why haven’t rental rates come down more?” Good question. Unlike past downturns in commercial real estate,…
