Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
“The National offers everything that investors nowadays expect of a hausInvest investment, a redeveloped landmark building in a prime location geared to modern users at an attractive price with a reliable cash flow and the potential for value appreciation through active asset management,” says Henning Koch of Commerz Real.
The submarket stands in stark contrast to the broader Houston office market and is healthier in comparison; where it's on track to record a fourth consecutive year of positive net absorption.
"We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients," says Damian Taylor, senior vice president at Arch Street Capital Advisors.
R2 Companies is expanding its Midwest creative office holdings with acquisition of a 525,000 square-foot, 11-building portfolio in downtown Minneapolis & Milwaukee.
Luxury Goods retailer FarFetch.com and financial firm LiquidX sign leases which together total more than 22,000 square feet at the Midtown East office tower.