Market Intelligence
September 29, 2009
Europe, Middle East & Africa (EMEA) European, Middle Eastern and African warehouse markets again registered sluggish growth in the first half of 2009. In particular, the United Kingdom, Hungary, Ireland and Spain remained key areas of weakness. Most markets were characterized by little leasing activity and a tendency my many warehouse tenants to sit tight [...]
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September 19, 2009
In a revised forecast, Foresight Analytics projects that the national office vacancy rate will hit 18.4% by year’s end, up from an earlier prediction of 17.5%. As businesses hard hit by the financial crisis began to struggle in late 2008, they shed more space than anticipated, according Susan Persin, a partner with the Oakland Calif.-based [...]
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September 15, 2009
Global Office Markets Show Further Deterioration Despite signs the global economic downturn is beginning to subside, office markets around the world again posted decidedly weaker results at mid-year compared with six months prior. All regions of the world continue to experience below trend growth and as a result demand for office space is sub-par relative [...]
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September 11, 2009
How Big is Houston’s Sublease Market? There is no question that in recent months, I see a new office sublease listing come across my email almost daily. The good news is Houston has much less sublease inventory than other major markets such as New York, Chicago and Los Angeles, which only speaks volumes to the fact [...]
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September 6, 2009
Office leasing markets across North America endured another sluggish quarter with rising vacancy levels and falling rents. With the U.S. economy still contracting and experiencing sizable monthly job losses, many businesses were only interested in shedding space, not taking on more. This was reflected in all most all regions of the U.S. with the vast [...]
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September 6, 2009
Chalk this one up as a market rumor but the buzz on the street is Shell Energy is taking the Reliant Resources sublease space at 1000 Main in Houston’s Central Business District in a consolidation of employees currently housed in Two Houston Center and Penzoil Place. Reliant Resources currently has 407,000 square feet of sublease space on the market in the 837,000 [...]
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September 6, 2009
Houston’s office market recorded stronger leasing and sales activity in the second quarter of 2009 compared to the first quarter, even as year-over-year vacancy increases and negative net absorption prevailed citywide. In sharp contrast to the previous office market downturn of 2001-2002 when the local Class A office sector was severely battered by the implosion [...]
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