By: Bruce Rutherford, International Director of JLL’s Global Energy Practice Group
Surviving the downturn has been the name of the game with layoffs, bankruptcies, and mergers and acquisitions dominating energy headlines in recent years. Subleasing excess space has been the primary option for reducing CRE costs, but additional coping strategies exist.
Be it the commercials or the actual football, we’re all drawn to Sunday’s big game as one of the most anticipated gridiron match-ups of the season. This Sunday, the New England Patriots will meet the Atlanta Falcons on the field at NRG Stadium right here in Houston, Texas.
1. M&A activity will disrupt the playing field and increase barriers to entry for newcomers.
Mergers and acquisitions in the data center sector surged in 2016, a trend that is on pace to continue throughout 2017. The industry is consolidating as well-known providers increasingly set their bidding sights on well-known co-location… Read More
A battered office market remained just that in the fourth quarter of 2016. Despite the first decrease in Houston’s office sublease inventory in two years, weak leasing activity and negative net absorption in the city’s largest submarkets all but assured the overall office market would record its second consecutive year of… Read More
After growing by a net of 3.5 million square feet in 2016, Houston’s sublease inventory recently decreased by 5 percent following an uptick in leasing activity and ConocoPhillips’ decision to relocate their headquarters to Energy Center IV.
The fourth quarter of 2016 has seen four multi-floor subleases signed, a significant amount considering… Read More
No longer sequestered on the West Coast, the technology industry has been growing in cities nationwide.
Across the country, tech companies have consistently driven the most leasing activity in recent years, averaging 22.3 percent of large-block leasing. Banking and finance companies follow distantly, comprising 10.3 percent of leasing activity since the third quarter of… Read More
Doing good is good business, and we’re leading the way in our industry.
JLL has been named to the inaugural JUST 100 list compiled by Forbes magazine and JUST Capital, a nonprofit that studies corporate behavior. The list ranks U.S. public companies based on workplace, ethics and corporate citizenship issues. JLL was recognized as the top performing… Read More