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
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.
By: Ronnie Deyo, executive vice president and office team lead, JLL Houston
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, are… Read More
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
With strong projections for population growth and home sales, Houston retail will continue to thrive in 2018 – albeit at more sustainable levels than the past two years. That said, the retail sector is set to look much different in the future,… Read More
By: Mark Raines, senior vice president, JLL Houston
Houston’s retail sector closed 2017 with approximately 1.6 million square feet of positive net absorption, setting up the sector for another solid year in 2018. Driven in large part by occupied deliveries, net absorption was 23.1 percent above the 10-year quarterly average.
By: Jeff Venghaus, executive vice president and industrial lead, JLL Houston
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