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O’Connor Office Forecast Luncheon-Speakers: Sanford Criner, CBRE; Griff Bandy, NAI Partners; Bruce Rutherford, JLL

BY RAY HANKAMER
rhankamer@gmail.com

Takeaway:  The office segment in Houston has lots of excess due to vast amounts of sublease space being returned to the market by retrenching oil & gas companies.  Return to positive absorption will be 2018 at the earliest.

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Houston: in the wake of low oil, now what?

O’Connor & Associates Industrial Forecast- Speakers: Tom Lynch-CBRE; Blake Warren-Stream Realty Partners

BY RAY HANKAMER
rhankamer@gmail.com

Takeaway: Industrial vacancies in Houston overall are so low that Houston is the envy of most other markets in the country: 6% average vacancy over last ten years. In spite of vigorous new delivery of product all around Houston, absorption is strong, especially in NW and SE, with some weakness (believed to be temporary) in North-IAH sector.  Houston is healthy and Industrial is very bullish.

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houston-growth-trend

Land Advisors-Houston Land and Housing Forecast – 11/15/16

BY RAY HANKAMER
rhankamer@gmail.com

Takeaway: There is not an oversupply of lots, and given the lengthening time periods for entitlements and development, it will be tricky keeping enough new lots in the pipeline to satisfy expected near and intermediate term demand for them.  Houston has led US cities in new home starts over last 20 years and this is not expected to change.

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