REBusinessOnline

Demand Surges Throughout East Houston’s Industrial Market

By Travis Secor, senior associate, JLL  Nationally, e-commerce and warehouse supply have been the center of the industrial real estate conversation. It’s easy to get lost in the latest data related to the impact of COVID-19 and speculation on where a major online retailer’s newest distribution centers will land. Houston has received its share of the industrial real estate spotlight over the years. The narrative over the past decade will tell a story about the wild vacancy swings …

Despite Current Pain, Long-Term Needs for Office Space Won’t Disappear in Houston

By Dustin Devine, vice president, Avison Young In 2020, COVID-19 further compounded the issues Houston’s office market was facing with depressed oil and gas prices. With many office users implementing work-from-home policies — although a shift back to the office is in progress — and minimal business travel, there was weak demand for office space in 2020. Houston’s office market is expecting a resurgence of sorts beginning in mid- to late-2021 due to increased vaccine rollouts and …

Roundtable: Brokers From NAI Partners Discuss Austin’s 2020 Performance and 2021 Expectations

As one of the fastest-growing markets of the past decade that continues to make headlines for high-profile developments and corporate relocations, Austin has had some economic and demographic cushion from the headwinds brought on by COVID-19 over the past year.While leasing and investment sales activity essentially froze at the onset of the pandemic, as it did in virtually every major U.S. market, Austin’s strong growth in office-using jobs, natural pace of in-migration and vibrant …

The Houston Retail Market: What’s Changed After A Year of the Pandemic

By Shawn Ackerman, president of Houston retail, Henry S. Miller Brokerage COVID-19 is on everyone’s mind. From landlords to tenants, all are desperately trying to predict the future, because the past has destroyed many businesses. Retailers such as Luby’s, Chuck E. Cheese, Lane Bryant, 24 Hour Fitness, Gold’s Gym, Pier 1 Imports and Tuesday Morning all filed bankruptcy in 2020. Not only did numerous tenants file for bankruptcy, but many more are also barely holding on. What does the …

Dallas Self-Storage Development Maintains Slow But Steady Construction Trajectory

By Mirela Mohan of STORAGECaféThe self-storage industry closed 2020 on an upward path, seeing stable or rising rental rates and elevated construction activity across the board after an uncertain year.According to our data, new construction stayed on a steady trajectory throughout the year, with 49.4 million square feet of new product added nationally — slightly less than the volume of new development in 2019. This came as a natural consequence of the high existing inventory which, …

The Single-Family Rental Sector Has Grown Up, and Texas is Ripe for Opportunity

By Mark Wolf, CEO and founder, AHV Communities The single-family rental (SFR) sector began its institutionalization during the Global Financial Crisis when so many homeowners found themselves unable to pay their mortgages. The mass quantity of repossessed homes was sold off on courthouse steps or at large in-person or online auctions, with mega-landlords amassing the homes and renting them out as investments. At the time, that business model was the only one widely recognized or, notably, …

Shifting Investment Patterns Prompt IPA’s Industrial Expansion in Texas

By Taylor WilliamsThe decision by Institutional Property Advisors (IPA), a division of Marcus & Millichap, to recently bring its investment sales services for the Dallas-Fort Worth (DFW) industrial market not only represents an opportunity to gain share of a booming market, but also to capitalize on a pronounced shift in buying patterns.COVID-19 has drastically accelerated demand for e-commerce services and industrial space on the leasing front. As investors that put new …

Exclusive Survey: New Administration Worries Texas Real Estate Professionals

By Taylor Williams At a time in which politics pervades nearly every facet of life and business, and in which ideological divides are wide and getting wider, commercial real estate professionals in Texas have some concerns about how the Democrats’ newfound control of two of the three branches of the federal government will impact business. President Joe Biden has been sworn into the nation’s highest public office, and Democrats now hold control of both houses of Congress following the …

Pent-Up Demand Grows for Experiential Retail in Texas

By Taylor Williams With widespread vaccination several months away and the federal government having passed additional relief legislation, the end of the COVID-19 pandemic appears to be in sight. To that end, retailers and restaurants that have survived the public health crisis can, with some reservations, start to look toward the rebound phase. Because there’s no question that American consumers are itching to make up for lost eating, drinking and socializing time, provided they can do so …

Austin Poised to Emerge From Pandemic as a Premier Multifamily Market

By Sean Sorrell, senior managing director, JLL As we enter 2021, there’s no doubt that we are emerging from one of the most unique and trying years that our modern civilization has ever confronted, and we all likely agree that we will never again endure a pandemic of this scale. As of the writing of this article, the first vaccines have arrived in Austin; our first responders have begun administering it to the public and we can finally see the light at the end of the tunnel.In the …

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