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Houston, NYC, DC Ranked as '02's Three Best Investment Bets

NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.

By John Salustri | Updated on March 13, 2002

NEW YORK CITY-Houston, New York City and Washington, DC lead the office-investment pack, says a newly released study conducted by locally based Integra Realty Resources. Furthermore, the firm’s 12th annual Viewpoint study documents what we all are feeling–that the industry is poised for recovery.

Number-One ranked Houston, while reeling from the Enron scandal, still boasts a 7.4% vacancy rate and will gain by a dearth of additional construction. Additionally, TrizecHahn, which owns the Enron building, expects the space to be re-leased within a year.

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