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
By: Steve Burkett, Executive Vice President, JLL Houston
While the U.S. economy has managed to remain relatively stable despite global economic uncertainty, decelerating AmLaw 100 gross revenue has left law firms looking for ways to increase revenue and lower costs. One way to do that is in the efficiency of… 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 building in the… 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 sublease space remained… 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 terms and expanded… 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 complex a project,… Read More