Your Marketing Source For Texas Commercial Real Estate Reaching 100,000+ QUALIFIED Commercial Real Estate Brokers, Investors, Developers & Commercial Service Providers
Takeaway: Although office vacancies have not reached the all-time highs attained during the ‘80s Oil Depression in Houston, they have come close. The consensus is that we ‘hit bottom’ in 2016, but that the recovery will be long and slow, providing financial heartburn for landlords and good opportunities for tenants.
BY RAY HANKAMER
rhankamer@gmail.com
When I was 19 and working for a travel agency which took students to Europe, I was told on the pier in New York that I was the odd man out in our group and would have to share a double cabin with a stranger on the Atlantic crossing-five days. My first thought: Cool!
BY RAY HANKAMER
rhankamer@gmail.com
Takeaway: The office segment in Houston has lots of excess due to vast amounts of sublease space being returned to the market by retrenching oil & gas companies. Return to positive absorption will be 2018 at the earliest.
BY RAY HANKAMER
rhankamer@gmail.com
Takeaway: Industrial vacancies in Houston overall are so low that Houston is the envy of most other markets in the country: 6% average vacancy over last ten years. In spite of vigorous new delivery of product all around Houston, absorption is strong, especially in NW and SE, with some weakness (believed to be temporary) in North-IAH sector. Houston is healthy and Industrial is very bullish.
BY RAY HANKAMER
rhankamer@gmail.com
Takeaway: There is not an oversupply of lots, and given the lengthening time periods for entitlements and development, it will be tricky keeping enough new lots in the pipeline to satisfy expected near and intermediate term demand for them. Houston has led US cities in new home starts over last 20 years and this is not expected to change.
Click to read the full Article.
BY BRANDI SMITH
How do you start a four-decade career in the real estate industry? If you’re Pete Dwyer, the answer is by trying to fake out your father.