Houston's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
Landlords of older buildings in Houston are increasingly offering large tenant improvement packages to encourage tenants to update and build out spaces instead of moving to new supply.
Tenant requirements for big-box distribution space continue to strengthen the industrial market and there is a lot of opportunity for developers who are able to secure land and deliver quality product.
University enrollments are growing, prompting the need for housing, which was the underlying reason for Lynd's acquisition of a distressed bank note on 384-bed student housing community, Village at Lamar.
The San Antonio market has set records in delivery of speculative new office construction and absorption, with continuing positive momentum expected in 2018, including leasing of the upgraded space in GrayStreet's portfolio.
The Marc does not rely on the university for residents because the population of Bryan/College Station is growing and year-round rentals can capture young professionals and students.
Economic activity has picked up since Hurricane Harvey and job growth is expected throughout 2018 with gains in sectors including manufacturing, real estate, arts and entertainment, and healthcare.
Houston's industrial market remains one of the healthiest in the country, with a vacancy below 6% for eight years, fueled by strong population growth and increased port activity, propelling increasing developments.
This type of development, 27905 Commercial Park Rd., is reflective of the economic boom Tomball is experiencing after the completion of the Grand Parkway.