Category Archives: Research

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

Smaller Cities, Bigger Growth: Finding Tech Companies Where You Least Expect

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Dec. 13, 2016

tech companies

No longer sequestered on the West Coast, the technology industry has been growing in cities nationwide.

Across the country, tech companies have consistently driven the most leasing activity in recent years, averaging 22.3 percent of large-block leasing. Banking and finance companies follow distantly, comprising 10.3 percent of leasing activity since the third quarter of… Read More

Categories: Office, Research, Technology.

Lack of Construction Labor a Challenge across US Markets

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Dec. 2, 2016

By: John Roberts, Executive Vice President, JLL Houston

construction labor

With both construction and overall U.S. unemployment rates near record lows, and development volumes at cycle highs, a lack of construction labor continues to be a challenge in all U.S. markets.

Skilled labor job openings have increased nationally, yet gone unfilled for longer than the U.S.… Read More

Categories: Research.

The Impact of Low Oil Prices: Upstream, Midstream & Downstream

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Nov. 15, 2016

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

How is the energy downturn affecting CRE decisions by companies in each energy sector? What are the implications for the future?

upstream midstream downstreamUpstream – streamlining to survive the downturn

The energy downturn has hit the upstream sector of the oil and gas industry the hardest. Exploration & Production (E&P) companies in the upstream sector hired… Read More