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.
Growth in the market will be much slower than the last upswing; most companies are going to remain cautious, even with a great deal of supply and if oil gets to $80/barrel, says McGee in this <b>EXCLUSIVE</b>.
The addition of Star Cinema Grill is another step in creating a new urban center in north Houston that is a walkable, sustainable mixed-use destination.
As Sam Moon began to grow its retail stores, it also began developing surrounding retail centers such as Sam Moon Center which is to include Urban Air, the only entertainment center of its scale in The Woodlands.
Office leasing spiked in the last quarter of 2017 and was driven by a continued flight to quality, aggressive activity by non-energy tenants and some relocations from spaces affected by Hurricane Harvey.
The Houston District Council of the Urban Land Institute recently recognized the developments and public open spaces that exemplify best practices in design, construction, economic viability and healthy places.
Houston's suburban areas such as the Katy/Cinco Ranch/Waterside submarket will continue to attract investors with absorption rates that outpace new multifamily units and office tenants with easy commutes.
As demand for real estate increases, Houston should do very well, as it's one of the few markets that has a very good recovery story and rent growth projections after Hurricane Harvey.