Category Archives: Office

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’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

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

The human experience in the future of work

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June 16, 2017

human experienceThe world of work is changing and the landscape of real estate has evolved. What was once about acquiring and managing buildings has become a strategic lever for transformation, enabling organizations to achieve broader business agendas. Relationships between organizations and the people they serve, employ and partner with are… Read More

CRE Strategies for the “New Normal” of the Oil & Gas Industry

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Feb. 13, 2017

By: Bruce Rutherford, International Director of JLL’s Global Energy Practice Group

Oil & Gas Industry

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… Read More