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Office and residential growth are creating increased demand for retail, and local as well as out of state buyers are attracted to well-placed centers with strong tenants that draw on increasingly affluent surroundings.
The US Energy Information Administration forecasts that West Texas Intermediate crude will be priced at an average of $51 per barrel in 2018, continuing a stabilization of energy pricing that prevailed in 2017.
Leasing activity in the Greenspoint market, considered a good location with amenities, continues to be steady as the Houston economy strengthens following the recent downturn in the oil industry.
Many are predicting a leveling out of the commercial real estate market in the coming year, and James Sutton with Paradigm recently discussed trends and the implications of the leveling-out process in this <b>EXCLUSIVE</b>.
With tech permeating virtually every local economy, the outlook for many metro areas is a promising one, and the confluence of energy and tech provides an interesting juxtaposition for many local investors.
There will be resumed hiring and buyers will return to market for new homes, and there is optimism that 2018 will be a good year for homebuilders and sellers, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
The recovery process is estimated to be 100 days for every day of the storm, which in Harvey's case was 10 days of significant rainfall, so that is an estimated 1,000 days for the Houston area to recover, GlobeSt.com learns in this <b>EXCLUSIVE</b>.