Giving the Houston Office Market its Due

by CoyDavidson on September 11, 2012

A Homer Post from Deep in the Heart of Texas

A “homer” is defined by the urban dictionary as someone who shows blind loyalty to a team or organization, typically ignoring any shortcomings or faults they have.

While tech-centric markets have tended to dominate the headlines as the best performing office markets, energy markets such as Houston, Dallas and Oklahoma City tend to get a passing mention. Should you a be a regular reader of the Tenant Advisor you know I have been beating the drum for the Houston office market for some time. Despite the fact that Houston has been one of the top performing office markets in the country we don’t get the press that San Francisco or Silicon Valley does. I realize technology is a little sexier than oil and gas, but here in the energy capital of the world we feel a little like Rodney Dangerfield, we just can’t get any respect.

Finally the mainstream national real estate media is giving Houston and Texas some well deserved recognition. National Real Estate Investor published an article today on how “CRE Fundamentals in Energy Markets Are Outperforming All Others.” However, I do disagree with one point in the NREI article. They characterized Austin as an “Energy Market” which I disagree with, it is really a tech market.

On a closing note, I won’t be telling you how this is the year the Houston Texans will make it to the super bowl, even though they are considered a legitimate contender. Despite the fact I have lived nearly all my life in Houston, I am a life-long Dallas Cowboys fan. Blame it on Roger Staubach my childhood hero and one helluva tenant-rep.

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