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Houston Staff Shake-Up Under New Mayor Likely To Impact CRE
News

Houston Staff Shake-Up Under New Mayor Likely To Impact CRE

... in former Mayor Sylvester Turner’s administration, the Houston Chronicle reported. So far, Whitmire has announced new ... positions are empty as longstanding senior officials resign.  Houston Office of Business Opportunity Director Marsha Murray is the ...

Mar 13, 2024
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Houston Office Hits All-Time-High Vacancy Amid Statewide Slump
News

Houston Office Hits All-Time-High Vacancy Amid Statewide Slump

... older vintage assets accounting for the bulk of the vacancy. Houston also saw 956K SF of negative absorption last quarter, according ... problems are also bigger.” About 25% of office space throughout Houston, Dallas and Austin was empty during Q3, more than ...

Oct 09, 2023
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Houston Industrial Demand Is Dropping Off Faster Than Its Supply Pipeline
News

Houston Industrial Demand Is Dropping Off Faster Than Its Supply Pipeline

... for space, Bisnow previously reported. Absorption dropped similarly in Houston, with 8.4M SF being absorbed in Q3 2022 and ... have realized they overestimated the space they would need in Houston's market this year, including Wayfair, which abandoned its ...

Oct 22, 2023
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Houston To See ‘Absolute Explosion’ Of Life Sciences, But One Asset Class Won't Be Catching Fire Soon
News

Houston To See ‘Absolute Explosion’ Of Life Sciences, But One Asset Class Won't Be Catching Fire Soon

... consensus point was the status of the labor market in Houston. Houston lost 359,400 jobs from March to April of 2020 ... purpose-built life and lab sciences buildings under construction. Though Houston remains “in the discovery phase” of life sciences demand, ...

Mar 06, 2023
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Houston Industrial Developers Plan For Next Demand Cycle As Smaller Tenants Boost Absorption
News

Houston Industrial Developers Plan For Next Demand Cycle As Smaller Tenants Boost Absorption

... the greatest degree, 1M-plus SF buildings gained popularity in Houston, said Trammell Crow Co. Senior Vice President George Farish. ... Vice President Faron Wiley. The numbers are even starker in Houston, coming in at six and zero, respectively.  Absorption ...

Mar 07, 2024
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Houston On Track As Future Life Sciences Powerhouse, But Everyone Needs To Mind The Gaps First
News

Houston On Track As Future Life Sciences Powerhouse, But Everyone Needs To Mind The Gaps First

... funding, real estate, workforce and talent are all inhibiting Houston’s life sciences potential. Panelists agreed that a unified ... starting with identifying roadblocks and collaborating to fix them. Houston's life sciences industry is growing, as evidenced by ...

Jan 13, 2023
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Houston Apartment Rent Prices Falling After More Than 18 Months Of Steady Increases
News

Houston Apartment Rent Prices Falling After More Than 18 Months Of Steady Increases

...  indicates rent is up about 8% year-over-year. Houston rent increased through the entirety of 2021, including some significant ... 1,162, a 12.8% increase, Community Impact reported. The Houston rent growth slowdown comes as asking rent declined nationally in ...

Nov 03, 2022
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Houston Leads The Nation In Big-Box Industrial Growth, Thanks To Booming E-Commerce
News

Houston Leads The Nation In Big-Box Industrial Growth, Thanks To Booming E-Commerce

... in the country for existing inventory, with 194M SF. "Houston's pro-business environment, favorable real estate conditions and population ... senior vice president with CBRE’s industrial services team in Houston, said in a release. "Because of the tightening ...

Mar 21, 2022
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Unsplash Construction photo 1/25/2023
News

Houston Had The Most Construction Activity In Nation Over Past Decade. 2 Other Texas Cities Weren't Far Behind

... are in the Sun Belt, the storage space marketplace reported.  Houston racked up more than 55,000 single-family permits during ... the number of multifamily permits issued with about 98,700. Houston had about 89,400 multifamily permits.  Austin was also third ...

May 19, 2023
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Houston Industrial Rents Reach Record Highs As Port Traffic Soars And Supply Chain Woes Linger
News

Houston Industrial Rents Reach Record Highs As Port Traffic Soars And Supply Chain Woes Linger

... distributors and third-party logistics have made developers bullish on Houston's future, it said. "With strong demand and ... activity amid supply chain disruptions, positive momentum in the Houston industrial market will be sustained for the medium to long ...

Apr 05, 2022
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