SW International Gateway Park

HOUSTON—Strong market conditions continue to lead the way across all property types. So say the experts at NAI Partners, which recently held its quarterly breakfast. This year's edition was led by Griff Bandy, John Simons, Jason Gaines, Jim Tainter and Andrew Pappas, who provided insight on a variety of trends and topics across the company's office, industrial, retail, landlord services and investment fund service offerings.

At the outset of the meeting, it was noted that NAI Partners had a very strong 2017. The company has professionals specializing in all three of its product types—office, industrial and retail—representing both tenants and landlords in Houston, Austin and San Antonio. That diversification has paid off, as the leader of investment sales, Joshua Lass-Sughrue, and leader of the retail division, Gaines, both ranked among the company's top 10 producers in 2017 across all product types.

Some of the notable market trends include a dip in the NAI Partners sublease index, following about 450,000 square feet of sublease space in Greenspoint moving to direct space, GlobeSt.com learns. In addition, the industrial market has recorded a 5.5% or lower vacancy rate for more than six years, and a booming retail market has average asking rents at an all-time high and sub-6% vacancy.

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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.