Temperature and absorption up in Houston

  Occupancy is at 94.4% year-to-date through October, down 10 basis points from this time last year. Of the 3.1 million sq. ft. currently, under construction, about half of that space has been spoken for. Market Highlights Solid retail absorption. Occupancy is at 94.4% year-to-date through October, down 10 basis points from this time last year. […]

The Holiday Burnout

  How to Keep Employee Morale High This Holiday Season As the holidays approach and Q4 comes to a close, the pressure of chaotic work obligations, deadlines, and family and holiday shopping can cause tensions to run high at the office. If you’d like to keep morale high this season, here are some great suggestions to bring […]

Houston gets Industrial

  Overall vacancy is at 6.6%, up from this time last year at 5.5%, due in part to the 6.9 million sq. ft. of vacant space delivered to the market in 2019—half of the total 13.7 million sq. ft. completed. Of the 18.3 million sq. ft. currently under construction, about three-fourths of that space is available […]

(Plenty) of Offices for Rent in Houston

  The Houston Office market is still ripe for those looking to rent space. Despite a somewhat sluggish couple of years, there are plenty of properties available in virtually every submarket and at any budget. All recent research suggests that the health of the Office Market in Houston is poised for a strong 2020 even […]

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 […]

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 […]

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 […]