By: Steve Burkett, Executive Vice President, JLL Houston
There has been no shortage of reports, articles, ponderings and predictions about the Houston office market and its eventual recovery. At a recent commercial real estate panel, hosted by the Houston Business Journal, panelists representing tenants, landlords, developers and the capital markets, agreed: No one knows when the market will recover.… Read More
While its office counterpart deals with an ongoing deluge of sublease space, Houston’s industrial market remains healthy overall. The industrial market experienced a significant jump in absorption in the third quarter, namely due to the delivery of a 3.9 million-square-foot build-to-suit manufacturing… Read More
The Houston office market continues to be gripped by its significant sublease inventory. While leasing activity picked up in select submarkets during the third quarter, the overwhelming impact of 12.2 million square feet of… Read More
Houston’s Katy Freeway West, CBD and Westchase office submarkets each have more sublease space than any other U.S. submarket, according to a recent report by JLL Research that examined subleases of greater than 50,000 square feet in Boston, Chicago, Los Angeles, New York, San Francisco, Seattle, Washington, DC and Houston. The findings paint a picture of the vast scope of Houston’s office sublease supply.
By: Eli Gilbert, Vice President of Research, JLL Houston
Sublease space continues to inundate the Houston office market. Leasing demand has been unable to keep pace with supply, pushing Houston’s office availability to 26.6 percent at mid-year. This means, market-wide, one in every four floors of office space is available. Tenant-favorable conditions are expected to persist through 2017 and will continue to manifest as decreasing rents, increased flexibility in lease… Read More
By: Christian Peterson, Senior Project Manager, JLL Houston
There’s no question about it, construction projects can get messy. Not only in the literal sense, but in the project management sense as well. Every project is bound to encounter a number of challenges and variables along the way, and the more… Read More
Months of agitation in the financial markets, driven largely by the slowdown in China, oil pricing and, most recently, Brexit, continued through mid-year, but is showing signs of calming. While turmoil has impacted deal flow in 2016 and uncertainty remains around the upcoming U.S. election, real estate capital markets are starting to normalize after atypically high volumes in 2015. Here are six… Read More
Rising transportation costs and demanding service requirements are pushing companies closer to their customers. As a result, real estate decisions about distribution warehouses are increasingly crucial.
When it comes to supply chain optimization, companies must ultimately make site selection decisions that pin their strategy to the ground. JLL Industrial Research identified 32 specific metrics to evaluate and rank industrial market performance from… Read More
Back-to-school shopping is an economic event with a sizeable impact on the economy. To get a sense of how shoppers go about their spending, JLL surveyed nearly 2,000 consumers nationwide. According to JLL’s survey, back-to-school shoppers, like many other consumers, are looking for quality and convenience at prices they can afford.
The cost of goods is of supreme importance to this cost-conscious group… Read More