With a market-wide vacancy rate of 4.9 percent, Houston’s 10.6 million-square-foot industrial construction pipeline is providing much needed options to tenants in the market, and they’re taking advantage of new supply.
According to JLL research, construction activity grew for the fourth quarter in a row and is up 80.5 percent… Read More
By: Ronnie Deyo, executive vice president and office team lead, JLL Houston
Houston’s office market faced all-too-familiar headwinds of low leasing activity, rising vacancy, and softening rental rates during the second quarter of 2018. Despite a few signs of improving conditions earlier this year, the market has a long way to go before it regains equilibrium.
Here’s a look at where Houston’s office market stands today.
The shifting healthcare landscape is pushing real estate strategies outside traditional settings.
Conventional approaches to real estate are proving too costly to keep up with both rising demand and compressed reimbursements. Moreover, technology advances and shifting consumer preferences are increasing demand for easier access to care in lower-cost settings in communities.
Rising patient numbers and real estate spending point to long-term demand and cycle resilience for investment in healthcare-related buildings. As a result, the buyer landscape for healthcare real estate, specifically medical office buildings (MOBs), is robust and growing.
Hospitals and health systems have historically held the lion’s share of… Read More
The drastic correction in oil prices between 2014 and 2017 left an indelible mark on energy companies and their real estate. The trauma of the downturn has generated a new culture of ultra-disciplined spending and doing more with less, even as oil prices have recovered in 2018.
By: Bruce Rutherford, International Director, JLL Global Energy Practice Group
Energy-related tenants have accounted for a significant portion of Houston’s office leasing activity over the past 12 months. In fact, one-third of tenants with active requirements in the market are energy-related. This activity, however, has brought with it very little in… Read More
Houston healthcare real estate expert Chris Wadley recently joined the Houston office of JLL as Senior Vice President and Houston Healthcare Lead.
Chris will oversee the growth of our Houston Healthcare Practice, including tenant representation, agency leasing, capital markets transactions and construction management for hospitals, health systems, life… Read More
Strong population growth and an improving economy have buoyed the Houston multifamily market, even as people begin moving back into their homes following Hurricane Harvey. The multifamily sector has been in recovery over the last few quarters and is poised to continue its positive momentum in 2018.