Is it time to build?
Kirksey Architecture has just released it Annual Construction Cost Update Report. I tend to agree with the assessment that current economic conditions do provide a window of opportunity to build. Construction costs have decreased, land values are under downward pressure and interest rates are at all time lows.
Corporate Tenants with the objective or their own campus or office facility may want to give serious consideration to building provided they can tolerate the risk in the current economic climate.
Kirksey 2010 Construction Cost Update
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Houston: The Texaplex Advantage
by CoyDavidson on March 8, 2010
We all know what a challenging year 2009 was for not only the commercial real estate Industry but business in general. Now, that it appears the economic recovery is in gaining momentum, all though perhaps with some more bumps in the road, we have to feel good of how Houston weathered the storm. We were certainly more fortunate that many other regions of the country.
This video from Texasplex.com is great reminder of the bright future Houston has for many years to come. All though it is ironic that this video begins with our Astronauts historic words back to earth on the fist visit to the moon at a time when thousands of jobs are a stake in Houston, as a result of President Obama’s proposed plans to cancel the Constellation program.
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