By: Bruce Rutherford, International Director of JLL’s Global Energy Practice Group
Surviving the downturn has been the name of the game with layoffs, bankruptcies, and mergers and acquisitions dominating energy headlines in recent years. Subleasing excess space has been the primary option for reducing CRE costs, but additional coping strategies exist.
Be it the commercials or the actual football, we’re all drawn to Sunday’s big game as one of the most anticipated gridiron match-ups of the season. This Sunday, the New England Patriots will meet the Atlanta Falcons on the field at NRG Stadium right here in Houston, Texas.
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
Nothing demonstrates an industry’s momentum like its physical expansion across real estate markets.
In recent years, technology companies have driven the most leasing activity nationwide, averaging 22.3 percent of large-block leasing. Banking and finance companies follow distantly with 10.3 percent of leasing activity since the third quarter of 2014.
Houston retail continues to be one of the hottest markets in the nation. No category demonstrates this more clearly than the city’s grocery sector.
Grocers, and other retailers alike, continue to play catch-up with Houston’s strong population growth over the last few years. Pent-up demand remains the most significant force propelling the… Read More