For a glimpse into downtown Houston’s future, we need to only look west.
As a market, Houston’s Central Business District is being weighed down by a whopping 17.5 percent office vacancy rate and more than 2 million square feet of available sublease space, per Colliers research. An increasing number of downtown Houston’s historic buildings – such as the Houston Bar Center, an old First Church of Christ Scientist property and Houston’s historic Melrose building– are being scooped up by investors that plan to develop properties that will keep downtown’s streets busy on nights and weekends.
Click to read more at Houston Business Journal.