When it comes to the highs and lows of 2017, Preston Young called Houston’s commercial real estate market “a tale of two cities.”

Young, who serves as regional managing partner for Dallas-based Stream Realty Partners, noted the contrasting storylines in Houston’s office leasing market, which is still struggling under the weight of several million square feet of sublease space, and the office investment market, which saw a tenfold increase in deal volume compared to 2016. Houston’s office investment market saw $4 billion in assets trade hands in 2017, compared to $400 million in 2016.

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