O’Connor & Associates January: Oil & The Office Market

Speaker: Bruce Rutherford, International Director JLL

Takeaway: Houston office market will suffer extereme weakness in those submarkets depending on the Energy Sector. The Energy Corridor, Greenspoint, Westchase, & The Woodlands. less pain in the CBD, but still some, and some in the Galleria. Oil prices should be in the $60-62 per range by end of 2016, but will have to stabilize for a period of many months before any new hiring by oil companies. Mergers & acquisitions and bankruptcies will continue to throw sub-lease spcae into an already glutted market in these submarkets.

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History & a future: Welcome to Van Alstyne


The tale goes that Collin McKinney was given the pen he used to sign the Texas Declaration of Independence. At 70, he was the oldest member of the Convention of 1836 at Washington-on-the-Brazos. McKinney’s true pioneer story started long before the convention, but it ends right where ours begins: in Van Alstyne, Texas.

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