Office Space
September 9, 2011
Making Sense of the Office Market Yesterday as I read this headline from Bloomberg: “Financial Demand for Office Space Is Steady Amid Job Cuts, Landlords Say.” I couldn’t help but think about the fact I have not seen anything written recently about “Shadow Office Vacancy”. Rewind back to last year and you will remember there [...]
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May 30, 2011
Houston’s Top Office Submarkets Houston’s office market has been a strong performer in terms of weathering the recession and most industry observer’s project strong performance going forward as we move through the natural market cycle. As more Office Building Investors look at Houston as a location to place capital, which submarkets are poised to demonstrate [...]
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May 22, 2011
Will the Traditional Workplace Become Extinct? News-flash, the world didn’t end yesterday and traditional office space and the workplace as we know it is not going away anytime soon. I came across an article yesterday that was posted on Twitter titled, Is the Traditional Office Becoming Extinct? I have seen a headline similar to this [...]
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May 17, 2011
North American Office Highlights | 1Q 2011 The U.S. office market began the year on a more muted note with only a modest increase in occupied space and little change in vacancy. Rents continued to languish, but for the first time in three years both downtown and suburban rents managed to eke out small gains. [...]
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April 26, 2011
The Wall Street Journal is reporting that Brookfield Office Properties is close to completing a deal to sell the former Enron corporate headquarters building to Chevron, the current tenant for $380 million. Brookfield acquired the 1.2 millions square foot property at 1400 Smith in Houston’s Central Business District in 2006 and subsequently leased the building [...]
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January 9, 2011
When is the Right Time to Buy Your Office Space Instead of Lease It? This is a question I have heard many times from clients over my 20 year career, typically when lease rates are at historical highs or property values drop and begin to look attractive. I think without question that recent economic and [...]
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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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What About the Shadow Office Vacancy?
September 9, 2011Making Sense of the Office Market Yesterday as I read this headline from Bloomberg: “Financial Demand for Office Space Is Steady Amid Job Cuts, Landlords Say.” I couldn’t help but think about the fact I have not seen anything written recently about “Shadow Office Vacancy”. Rewind back to last year and you will remember there [...]