Office Space
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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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
Colliers International has just released its midyear Houston Medical Office Market Report and despite current economic conditions, medical office space has proven to be a strong performer over the past 12 months. While leasing activity has been anemic in the Houston Office Market in 2009, the Medical Office Market has been the one bright spot [...]
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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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