Category Archives: Houston

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

Internet-resistant retailers expand while others catch their breath

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Oct. 19, 2017

By: Mark Raines, senior vice president, JLL Houston

internet-resistant

Houston retail remains healthy as it settles into a new and more sustainable normal following the frenetic game of catch-up from the last three years.

During the third quarter, leasing activity decreased to 1.5 million square feet while some retailers paused to evaluate strategies… 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

Industrial demand soars as land constraints stifle supply

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Oct. 3, 2017

By: Jeff Venghaus, executive vice president and industrial lead, JLL Houston

industrial demand

After a relatively quiet second quarter, Houston’s industrial market returned to its fervent pace in the third quarter. Vacancy and availability decreased, while the market recorded nearly 3 million square feet of positive net absorption, a significant increase from… 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

Silver Linings: JLL’s stories of heroism, compassion and strength in the aftermath of Hurricane Harvey

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Hurricane Harvey has left an indelible mark on our city and each one of us individually. But as the old saying goes: Every rain cloud has a silver lining. For us, that silver lining has been the overwhelming outpouring of support, incredible stories of resilience, and a sense of community that has caught the attention of our nation. Below are our own tales of heroism, compassion and strength – our silver… Read More

Categories: Houston, JLL.

Houston’s CBD overtakes Energy Corridor for most sublease space in the US

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August 23, 2017

Houston's CBD

Houston’s CBD has surpassed the Energy Corridor for most sublease space in the market, and subsequently, the U.S.

Following Enbridge’s 294,000-square-foot addition to the sublease market, total sublease inventory in the CBD sits at more than 2.5 million square feet or 23 percent of the indirect market.

The addition also… Read More

Port Houston gaining share of total US TEU volume

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August 17, 2017

By: John Talhelm, senior vice president, JLL Houston

Port HoustonPort-centric submarkets across U.S. cities have seen robust growth and increasing industrial real estate occupancy levels. None more than Houston.

Examining availability of industrial real estate across 14 major North American port markets, Houston showed the largest decline in year-over-year industrial… 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