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For our REDNews readers, the Emerging Trends in Real Estate 2019 report that just came out probably holds few surprises, though it does reinforce what we’ve known: this is going to be a great year for commercial real estate in Texas. The report, published by PwC and the Urban Land Institute, ranks the nation’s hottest markets to watch each year and, in 2019, three Lone Star markets made it into the Top 20.
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The new year holds promise for strength and growth, per the recently released U.S. Real Estate Market Outlook from CBRE Research. On the industrial front, the report highlights record levels of demand generated by e-tailers looking for distribution centers. Alternately, traditional retailers are also seeking logistics space as they adapt to the needs of the online customer. Users absorbed between 75 million to 90 million square feet in the industrial and logistics sector each year since 2013, a trend CBRE’s analysts expect will extend into 2019 and beyond.
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The switch to 2019 is an opportunity to celebrate the year that was and look ahead to the year to come. As it pertains to commercial real estate, a big part of the future, as well as the past, is lending. To determine what the new year has in store, REDNews reached out to Greg Young, senior vice president of Grandbridge Real Estate Capital, which offers comprehensive capital solutions for commercial and multifamily real estate assets, and William Dampier, vice president of commercial lending at City Bank, which provides a number of commercial loans aimed at
helping the Houston community grow and prosper.
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On Small Business Saturday, parking was hard to come by on 19th Street in the Houston Heights. Crowds rolled like waves down the sidewalk, popping in and out of the stores. Along with
the chatter of shoppers and rumble of traffic, you could hear the frequent bell jingle, a sign that another customer had popped in to see what one of the momand- pop storefronts offered.
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