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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.

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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.

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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.

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UT backs out of plans for Houston campus

The University of Texas is walking away from plans to expand in Houston with a 300-acre campus just south of the 610 Loop near NRG. In a press release, UT system chancellor William McRaven said he was concerned about the Houston campus “overshadowing the extraordinary work underway on the 14 campuses of the UT system.”

Click to read more at Bisnow.

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Here’s how Houston’s sublease glut compares to Austin, Dallas

Houston ranks No. 1 on a list – but it’s not something to exactly celebrate.

The Bayou City is leading major Texas markets in its volume of sublease space on the market, according to a report from Newmark Grubb Knight Frank. Houston ended 2016 with 11.5 million square feet of available sublease space.

Click to read more at Houston Business Journal.

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Houston named a ‘risky bet’ for office investors

A report from Silicon Valley-based Ten-X LLC, an online real estate marketplace, has dubbed Houston the No. 1 “sell” market in the nation.

The report ranked the top U.S. markets in terms of whether office investors should buy or sell assets. Houston is among Cleveland, suburban Maryland, Memphis and Milwaukee as cities that are being “undermined by weakening labor markets” that’s slimmed down office space demand and office absorption rates, according to the report.

Click to view more at Houston Business Journal.