HOUSTON—It's been nearly 10 years since the financial crisis delivered a major blow to the US economy. The commercial real estate market's resilience was severely tested and there were serious concerns even after the 2015 post-recession peak that things could get ugly once the dreaded 2016 and 2017 wall of loan maturities would come into view.
Using office sales data from Yardi Matrix and Moody's loan stats, Commercial Cafe analyzed the last 20 years of the US office sales market from 1997 to October 28, 2017.
One of the key takeaways is that Texas has been one of the big winners of the decade following the financial crisis–Dallas gained six spots on the list of top markets for office investment, going from number 16 to number 10; Houston jumped from number 15 to number 11, while Austin–absent on the list before the recession–made its entry at number 18.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
