Category Archives: Agency Leasing

The latest on O&G’s impact on Houston commercial property

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Nov. 8, 2017

Contrary to the market as a whole, construction activity is increasing in the southeast industrial submarket in anticipation of petrochemical plants coming online in 2018.

Energy-related employment reached an inflection point in 2017, with office positions increasing despite the low-price environment. In Houston, energy employment increased… Read More

Law firms still want that CBD cachet

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Nov. 3, 2017

Law firms have been driving the preleasing of Houston’s newest developments and capitalizing on excess space released by energy tenants, particularly in the city’s CBD.

Long consumers of Houston’s highest quality space, the red hot competition for talent has made securing the best space top of mind for many firms. But… Read More

A comprehensive review of Hurricane Harvey’s impact on commercial property

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Oct. 12, 2017

By: Eli Gilbert, senior vice president, JLL Research

hurricane harvey's impact

Hurricane Harvey made landfall as a Category 4 storm, August 25, 2017, northeast of Corpus Christi, Texas. The slow moving system was quickly downgraded to a tropical storm but would eventually dump an estimated 19 trillion gallons of water… Read More

Investors look to Houston despite continued slowdown

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Oct. 2, 2017

By: Ronnie Deyo, executive vice president and office team lead, JLL Houston

total vacancyDespite Hurricane Harvey’s widespread devastation, Houston’s office properties fared relatively well, with less than 60 office buildings reporting damage from the storm. As a result, the office market, by-and-large, stayed its course through the close of… Read More

Houston Skyline reveals flight-to-quality despite anemic office market

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August 3, 2017

When it comes to premium office space it seems there’s always a market for it, even in an economic downturn. Despite consolidations, space give-backs and record sublease levels, Houston’s Skyline office buildings are still outperforming the market, commanding top dollar and capturing the lion’s share of leasing activity.

Houston skyline

By the numbers:

  • At 19.5 percent, Houston’s Skyline vacancy remains below the market-wide office vacancy
  • Read More

Weak tenant demand continues drag on Houston office market

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July 5, 2017

By: Ronnie Deyo, executive vice president and office team lead, JLL Houston

tenant demandWeak tenant demand driven by ongoing uncertainty in the oil and gas industry continues to be a drag on Houston’s office market.

State of the office market

Houston continues to see more of the languid leasing activity that has come… Read More

Houston’s Skyline is Characterized by Contradictions

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June 29, 2016

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

Houston's Skyline

Houston’s Skyline is characterized by contradictions as tenants and landlords alike remain cautious in the face of continuing market volatility and unease over oil prices. A 37 percent drop in leasing activity in 2015 set the stage for modest negative absorption to start 2016, yet asking rents remain near all-time highs. Sublease… Read More

Skyline Micromarkets Outperform U.S. Office Market

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June 24, 2016

Skyline micromarkets

Skyline Micromarkets Across the Country Outperform U.S. Office Market

Demand for creative space may have shifted the market’s landscape, but quality and location remain key drivers in real estate decision making. As a result, Skyline micromarkets across the country remain coveted locations that outperform the office market in general.

Skyline buildings, defined as the top-tier (Trophy, A+ and A) office buildings withinRead More