Category Archives: Brokerage

These 3 Factors are Driving Houston Retail

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Jan. 19, 2017

Houston’s red hot retail sector continued its growth cycle through year-end thanks to home sales, food and entertainment.

home sales

Another record year for home sales

Despite continued softer conditions in Houston’s overall economy, home sales did not let off the gas in 2016. In fact, weakness in the oil and gas sector allowed supply… Read More

Strong Year for Industrial Market Ends Quietly

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Jan. 5, 2017

industrial leasingWhile industrial leasing activity was consistently strong over the course of Houston’s economic downturn, the sector experienced a drop-off in transactions at the close of 2016.

The total volume of deals signed in the fourth quarter fell to 1.8 million square feet, below the industrial long-term average of 2.1 million square feet. The drop-off was… Read More

Healing Sublease Inventory Offset by Pain Elsewhere

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Jan. 4, 2017

negative net absorption

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 ofRead More

Houston Sublease Inventory Decreases for First Time in Two Years

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Dec. 21, 2016

sublease inventoryAfter 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

Net Absorption Receives Boost, Underlying Fundamentals Remain Healthy

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Oct. 4, 2016

net absorptionQ3 2016 Houston Industrial Insight & Market Statistics

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 building in the… Read More

CBD Leasing Activity Rebounds in Q3 amid Ongoing Sublease Glut

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Oct. 3, 2016

leasing activityQ3 2016 Houston Office Insight & Market Statistics

How many ways can you say excess supply?

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 sublease space remained… Read More

Houston Submarkets Lead Nation in Sublease Supply

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Sept. 27, 2016

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.

Three Things to Know about Houston’s Sublease Market

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Sept. 22, 2016

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 terms and expanded… Read More