Jan. 4, 2016
2015 closes in the red as oil volatility catches up
Limited pockets of activity were not enough to offset significant losses in 2015. The fourth quarter concluded an uneven, yet eventful year for Houston’s office market with some positive events that helped lessen the impact of the decelerating Houston office market. A result of sustained low oil prices, M&A activity and right-sizing by companies contributed both to the dramatic slowdown in leasing, as well as an abrupt halt in new construction starts within Houston. Despite this, 2015 remained a solid year for office sales transactions, proving investors still have a steady appetite for well-tenanted office buildings in Houston despite volatility in the energy market.
JLL is pleased to present its Q4 2015 Houston Office Market Reports. To view the reports, please click on the links below.