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Forecasting 2017: A preview of what is to come for Office and Industrial markets

BY BRANDI SMITH

“It’s certainly better than it was.”

That may not sound like a ringing endorsement, but Rand Stephens, Managing Director and Principal of Avison Young’s Houston office, is hedging his bets after a rough 2016.

“Just starting out in January 2016, oil went down to $28 a barrel. There were a lot of gloomy faces in Houston,” he says. “Houston is an incredibly optimistic place, but there is definitely an air of pessimism.”

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