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.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.