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Broad-Based Decline 'Overblown,' Says Report

HOUSTON--Lower oil prices may not have as severe an effect on the Houston commercial real estate market as previously thought. That's according to a recent report released by CBRE.

By Anna Caplan | Updated on March 09, 2015

HOUSTON–Lower oil prices may not have as severe an effect on the Houston commercial real estate market as previously thought. That’s according to a recent report released by CBRE.

Fears of a broad-based decline are overblown, says the report, which finds that the degree of impact will vary based on the magnitude of change in employment, and by property type, with expected impact to the retail sector being negligible and the office sector, modestly negative. 

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