Though there’s a few more weeks left in 2017, the year has proved itself as one of the most eventful for Houston’s commercial real estate market.
Hurricane Harvey sent demand for the city’s multifamily and hotel sectors skyrocketing as displaced Houstonians continue to seek out temporary lodging. Houston’s industrial market, in large part due to an influx of demand from e-commerce giants like Amazon and others, has maintained a vacancy rate of less than 5 percent and established Houston as a formidable distribution hub. Meanwhile, the city’s office market continues to buckle under the weight of its 10 million square feet of available sublease space.
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