Why investors are scooping up Class B office buildings

As more and more tenants embark on a citywide flight to quality, investors are scooping up older Houston-area office buildings and renovating them back to relevancy, per a Marcus & Millichap report on the Bayou City’s office market.

Local and regional buyers are interested in properties valued at under $10 million, per the report, and are staying cognizant of the amount of energy-related tenants in a property they’re considering buying.

Click to read more at Houston Business Journal.


Houston riskiest market nationally for multifamily investors

Houston is considered the riskiest multifamily market nationally for apartment investors, according to a new report.

MPF Research calculated the risk level and probability of a rent recession in apartment markets across the country. The multifamily arm of Carrollton, Texas-based Realpage (Nasdaq: RP) looked at a variety of factors, including rent, absorption, occupancy rates, inventory and local economic trends, over a period of nearly 20 years.

Click to read more at Houston Business Journal.


Is Houston’s office market really in recovery?

Since the presidential election, one local real estate economist said he sees national enthusiasm everywhere. The promise of new jobs and less regulation has both individuals and corporations optimistic for 2017, even in Houston, according to Mark G. Dotzour, a real estate economist who presents his findings across the country.

Click to read more at Houston Business Journal.


Densifying Houston: mapping $2 billion of freeway improvement

Over the past five years Houston has added 700,000 residents, which translates to strengthening residential and retail markets but creates exacerbating traffic conditions. CBRE Research identified five significant transportation projects, totaling approximately $2 billion worth of investment, which will greatly expand mobility around Houston.

Click to download Report.


Office broker: This submarket is the best Class A value in Houston

Greenspoint is down, but it’s not out.

The embattled submarket, which has technically been known as the North Houston District since late 2016, is no doubt facing an uphill battle. In 2015, it lost its largest Class A office tenant, Exxon Mobil Corp. (NYSE: XOM), which dumped 2.2 million square feet of Class A office space onto the market when it consolidated employees in Springwoods Village.

Click to read more at Houston Business Journal.