The real story of where the deals are to rent office space at a discounted rate lie in the submarkets. We're going to take a look at 1314 Texas in Houston's Downtown market. For years, this has been one of this market's most affordable buildings at a gross rental rate of about $13-14 per foot. When you look at a 10 year average you can see that 1314 Texas really has not budged. You want the buildings that have a stable rate and buck the trends and don't try to keep up with the investment grade properties in [...]
Contact James! 832.493.3377 firstname.lastname@example.org The Northwest Corridor is the territory from the 6-10 loop and fans out west between 290 and I-45 about halfway to beltway 8. This is by far one of the largest industrial markets in Houston with over 155 million SF of existing Industrial inventory on the market which only about 9 million SF is vacant. To put this in perspective, the downtown Houston market which is one of the largest office markets in the City has less than half of the industrial inventory of at 60 million SF of space. There are about [...]
Close up aerial video of the flooding at the intersection of 249 Tomball Parkway and Cypresswood -- Kroger (10010 Cypresswood Dr, Houston TX, 77070) Willie's Grill & Icehouse, Subway, Wing Stop in Northwest Houston, Texas as of Tuesday afternoon, April 19th. Cypress Creek is at a near-record 127.5 feet as of Tuesday morning, which is 5.5 feet above flood stage.
Commercial Real Estate value is usually based on cashflow or rent. Banks will not allow landlords to go below a certain rent level. Landlords are much more sensitive to occupancy when their property is under bank review for refinance. Proforma If you understand what the Landlord projected rents to be this year, you have a better idea of what types of deals they will do. The landlords in these markets that got hit the hardest are the ones that will be willing to give more attractive deals. Pay attention to which landlords have a building refinance coming up or just had [...]
Are you thinking about buying or leasing commercial property in 2016? Watch this video (first in a series) to decide if now it the right time to act. Includes the latest market data showing how the oil and gas crisis has impacted Houston's office market.