Office

“The offering at AFC with the newly available space provides an opportunity to enhance the overall property ecosystem while ensuring seamless operations efficiently and fiscally,” says Transwestern's Greg Frankum.

Some of the trends include a dip in the NAI Partners sublease index, an industrial market with a 5.5% or lower vacancy rate for more than six years, and average retail asking rents at an all-time high and sub-6% vacancy.

In mixed-use developments, street activation is key, says Columbia Development's director of leasing, Ron Pfohl.

GVSHP executive director Andrew Berman says council member Carlina Rivera can preserve neighborhoods alongside the Tech Hub development.

Crocker Partners recently completed a $13.5-million capital improvement program at the building.

The four-story office building and adjacent surface parking area was completed in 2013 and is fully leased to global pharmaceutical company GlaxoSmithKline through 2028.

A new park-centric multi-use development called Monarch City was recently introduced by the Howard Hughes Corporation and zoning is expected to begin this year on the community.

A developer would require an abatement to remain, expand, locate or redevelop in Houston, especially if the project is in a declining part of the city and results in strengthening of the local job and economy.