No sign of slowdown in Houston Leasing Market

  Net absorption in the Houston retail market increased to almost 1.3 million sq. ft. in the third quarter compared to the previous quarter at 1.2 million sq. ft., a 3.5% increase, while leasing activity included 1.4 million sq. ft. of signed deals.   EXECUTIVE SUMMARY Steady Houston retail market Net absorption in the Houston […]

(Plenty) of Offices in San Antonio

At 10.1%, the vacancy rate for office space in the San Antonio metro inched up above 10.0% for the first time since Q1 2016. That represents a 20-basis-point increase from this time last quarter and an 80 basis-point jump year-over-year EXECUTIVE SUMMARY Vacancy rates remain stable At 10.1%, the vacancy rate for office space in […]

Office Leasing in Austin

Austin’s retail market remained tight during the third quarter of 2019, with the overall vacancy rate up only slightly quarter-over-quarter—and year-over-year—at 4.3%. Net absorption also remained at the same level compared to last quarter at 175,000 sq. ft., continuing to stay positive for 33 consecutive quarters, or eight years. EXECUTIVE SUMMARY Austin’s retail market remains […]

The ABC’s of Office Type

  What’s in a letter? Well in terms of the cost of your office, quite a bit actually…   Class A space is usually in a prime location and is newly developed. Sometimes they can be in an older but highly sought after building, in which case the interiors have been recently updated to a […]

Health of the Galleria

  The Galleria/West Loop submarket is second in total office market inventory only to the Central Business District. Large tenants like Bechtel, Stewart Title, alliantgroup, Hines, CBRE, and Landry’s help represent a diverse roster, while energy-related firms including Marathon Oil, BHP Billiton, Enbridge, Apache, and Weatherford are also in the mix. The high-profile submarket’s vacancy […]

The importance of your office in a natural disaster

  For many of us, living with the threat of natural disaster is a very real concern. What’s more, the inability to carry on with normal work schedules immediately afterward is almost as damaging as the storm itself. To combat this, many companies have set up “disaster workplace” sites for their employees to go to […]

Office Rent Structure

  As a follow-up to lease types, we’ll look further at Single and Multi-tenant Office buildings:   SINGLE TENANT OFFICE BUILDINGS Generally, single-tenant office buildings are leased on a triple net basis (NNN). This lease calls for the tenant to be responsible for all costs associated with occupancy. PROPORTIONATE SHARE: The tenant’s proportionate share of […]

Learn your lease (Part 4)

Absolute Triple Net Lease Also known as a bondable lease, the most extreme form of NNN Lease, in which the tenant is responsible for all property-related risks. Under an Absolute Triple Net Lease, the tenant is responsible for all of the expenses and repairs relating to the building including roof and structure and, in the case of casualty or […]

Learn your lease (Part 3)

In our third installment, we will look at the Double Net Lease: A double net lease is a lease agreement in which the tenant is responsible for both property taxes and premiums for insuring the building. Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along […]