Monthly Archives: July 2016

Retail Activity Bucks Metro Trends

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July 27, 2016

By: Mark Raines, Senior Vice President, JLL Houston Retail Lead

retail activity

Undeterred by low oil prices, development and leasing activity within Houston’s retail sector remain strong through mid-year.

With more than 3.6 million square feet of space under construction in the second quarter, Houston leads the nation in retail development activity. Strong demand for new retail space led to the highest quarter for… Read More

Categories: Houston, Research, Retail.

State of the Energy Corridor

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July 22, 2016

By: Bruce Rutherford, International Director of JLL’s Global Energy Practice Group

No other Houston submarket has experienced greater volatility as a result of the oil downturn than the Katy Freeway West submarket, often referred to as the Energy corridor. The second quarter of 2016 further exposed the pronounced change in the Energy Corridor’s market fundamentals.

energy corridor

The dramatic shift in market conditions is… Read More

Categories: Houston, Office, Research.

Sublease Space Continues to Mount

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July 21, 2016

By: Eli Gilbert, Vice President of Research, JLL Houston

sublease spaceHouston office market – sublease space and activity overview

Houston’s sublease inventory has more than doubled since the fourth quarter of 2014, and with an average of about 580,000 square feet of sublease space coming to the Houston office market each month, the glut will not remedy in the short term. Here’s what you… Read More

Office Demand Up Nationwide in Second Quarter

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July 12, 2016

office demand

Volatility linked to oil prices, global stocks and the recent Brexit sell-off may be causing uncertainty in the market but, according to JLL research, companies are growing and pushing demand in the U.S. office market. JLL’s second quarter U.S. office statistics show that, despite a slow first quarter, U.S. office demand is up nationwide.

Apart from Houston, tenants across markets have largely… Read More

Categories: Office, Research.

Q2 2016 Houston Industrial Insight & Market Statistics

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July 6, 2016

industrial marketIndustrial market remains steady through mid-year

The Houston industrial market maintained solid fundamentals in the second quarter of 2016 despite notable headwinds in the overall Houston economy.

Although some companies are postponing expansion until things in Houston improve overall, consumer goods – driven by population growth and high retail demand – has compelled leasingRead More

Q2 2016 Houston Office Insight & Market Statistics

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July 5, 2016

office vacancy

Office vacancy moves higher amid weak activity

Houston’s ongoing sublease saga, new deliveries and weak demand have resulted in higher office vacancy across the city.

The city’s sublease inventory has more than doubled since the fourth quarter of 2014. Much of the sublease glut can be attributed to energy sector companies, who, prior to the recent downturn in the price of oil acquired large blocks… Read More

Categories: Houston, Office, Research.