Category Archives: Research

Energy companies look for efficiency, flexibility in office space even as oil prices rise

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June 13, 2018

energy companies

The drastic correction in oil prices between 2014 and 2017 left an indelible mark on energy companies and energy-centric real estate markets like Houston. The trauma of the downturn has generated a new culture of ultra-disciplined spending and doing more with less, even as oil prices have recovered in… Read More

Houston multifamily market marches toward stabilization

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May 2, 2018

Houston multifamily

Strong population growth and an improving economy have buoyed the Houston multifamily market, even as people begin moving back into their homes following Hurricane Harvey. The multifamily sector has been in recovery over the last few quarters and is poised to continue its positive momentum in 2018.

Houston absorbed approximately… Read More

Tenant requirements drive new status quo for Houston industrial market

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April 5, 2018

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

big box distribution space

Tenant requirements for high-quality, big box distribution space continue to drive change in Houston’s industrial market.

Approximately 6.7 million square feet of industrial space is under construction across the metro. This represents a significant uptick from the 3.8… Read More

Lease concessions plateau having peaked in Houston’s soft office market

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April 4, 2018

By: Ronnie Deyo, executive vice president and office team lead, JLL Houston

lease concessions

Sluggish tenant demand to start the year meant more of the same for Houston’s office market in all but one respect: lease concessions. Following years of growth, lease concessions, such as free rent and tenant improvement allowances, areRead More

Bank branches dwindle as technology optimizes user experience

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March 1, 2018

banking

Two themes dominate the banking real estate landscape: mobility and optimization.

Thanks to a trend started during the recession and the advent of financial technology, banks large and small are consolidating and no institution is immune to this evolution. The net number of branches in the U.S. declined from 91,900 in… Read More

Houston data center market displays resiliency, provides opportunity

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Feb. 13, 2018

data center market

Houston data centers showcased incredible strength throughout Hurricane Harvey and the ensuing disaster. All facilities in the area weathered the storm as designed, with no direct impact.

Since then, Houston’s healthcare sector has given a lift to the market, resulting in modest positive absorption at year-end. Nonetheless, speculative development… Read More

Healthy industrial demand spurs new development across Houston

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Jan. 3, 2018

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

industrial users

Sustained demand from industrial users is spurring new developments across Houston, and they are bigger than ever.

Five new buildings broke ground in the fourth quarter of 2017, and 4.6 million square feet of industrial space is currently under construction. The increase in big-box groundbreakings at year-end helped reverse a six quarter… Read More