More than 5 million square feet of new space becoming available in each of the past three years and another 3 million square feet of new space has opened in the first half of 2018, says Cushman & Wakefield.
Houston industrial remains strong, both from the perspective of tenants and institutional investors, driven by job and population growth, as well as a stabilizing oil and gas sector and related industries.
The deals involve more than 600,000 square feet of existing space and 850,000 square feet of new construction, including a 600,000-square-foot distribution facility for retailer The Container Store.
The international firm is moves its distribution facility to Tejon Ranch Commerce Center, thanks to availability of quality space and an attractive tax incentive program.
In addition to Abrams, the group now joining Compass includes brokers Lisa Rosenthal, Rebecca Olshan, Herman Glaswand, Curtis Woodside and Alexander Vellios.
Atlanta's low cost of living vs. the Northeast and the Midwest and a business-friendly government and regulatory environment are driving economic growth, says Transwestern's Bruce Ford.
JLL's design decisions hinged on individual working styles, rather than a business objective and how to make working lives easier, encourage collaboration and productivity, and boost job satisfaction/balance.