Downsizing Makes Up Large Chunk Of Houston’s Q2 2023 Office Leasing Activity
Houston saw an increase in office leasing activity last quarter, but a significant portion of it came from downsizing.
Houston saw an increase in office leasing activity last quarter, but a significant portion of it came from downsizing.
Despite the drop in activity, landlords have continued to hold asking rents.
Shooshan Cos. landed the 40K SF lease at its 4040 Wilson Blvd. project, the same building where AvalonBay moved its headquarters.
Lab space development picked up beginning in 2021, creating a wave of new supply hitting the market as demand lightens.
While it's unclear what Alston & Bird plans to do with its 340K SF, the trend among law firms has been to downsize.
Lenders still prefer beds and sheds in UK real estate
UK real estate investors heaved a tiny sigh of relief when inflation dropped last week.
Pennsylvania's industrial markets outside of Philadelphia finally came back down to earth in the third quarter after years of furious growth.
It's still not a tenant's market, but users have some room to move.
Houston's office market continues to see demand for Class-A buildings and a shift toward the western side of the city, a Q1 report shows.
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