Search
 

Midtown is One of the Sectors to Watch

HOUSTON—In preparation for the upcoming session at RealShare Houston on March 29, two of the panelists share insights about the current state of development and which sectors are most active today.

By Lisa Brown | lisabrown | Updated on March 02, 2016

Parc at Midtown Parc at Midtown, being developed by Surge Homes, is a new community of condominiums.

HOUSTON—After several robust years, Houston’s abundant activity has slowed. But even with oil prices staying low, encouraging new patterns are emerging offering a promising outlook. A rise in sublease spaces, the redevelopment of outdoor retail, an influx of international investors and a robust health care sector have become significant industry drivers, according to according to RealShare Houston experts. Later this month, RealShare Houston will delve into some of these issues, with expert panelists providing an in-depth look into Houston’s CRE trends, the current state of development and forecast of what to expect in and around the Houston area in the coming months.

In preparation for the upcoming RealShare on March 29, Mike Fransen,  vice president and managing director at Parkway Properties and panelist on the active areas and sectors to watch panel, tells GlobeSt.com: “People are quick to forget that Houston was last in and first out of the great recession and went on an almost unparalleled three to four-year run, in which groups like Exxon, Shell, NOV, Phillips 66, Conoco and others built or moved into state-of-the-art facilities. The current lull related to low oil prices represents opportunities for a community known for being hardworking and resilient, one of which is an opportunity for Houston to have its own tech run. New technology companies will help to identify a number of solutions related to energy and, out of that, Houston’s office market will benefit from the forward-thinking ideas those kinds of groups bring to the commercial real estate community.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.