REBusinessOnline

Where Does the San Antonio Retail Market Stand One Year into the Pandemic?

By David Nicolson, president, Weitzman San Antonio  In March 2020, health officials first used the term “pandemic” in reference to COVID-19. Since then, our communities, economy, commercial real estate industry and retailers and restaurants have gone through a year of challenges that few could have foreseen at the start of 2020. The fact that today we are in better shape than we could have predicted during the shutdown a year ago shows that the disruptions caused by the pandemic have …

El Paso Multifamily Investment Demand Remains Strong Through First Quarter of 2021

By Jack Stone, director of investment sales, Greysteel“What do you have in El Paso?”The country is over a year into the pandemic, and Greysteel is still receiving calls on a daily basis from groups asking just that. We’ve sold thousands of units in El Paso over the two years leadings up to COVID-19, and there’s no end in sight.In fact, even in these uncertain times, the demand seems to have grown. Drawn to the higher yields, strong tenant base and increasingly diversified …

Texas Multifamily Developers Navigate New Minefields

By Taylor Williams The past 12 months have thrown multifamily developers a full nine innings’ worth of curveballs, and while many owner-operators have successfully adjusted to the various challenges brought on by the pandemic, they are still tasked with figuring out how much staying power these disruptions will ultimately have. To be sure, the major markets of Texas remain well-positioned for multifamily growth. Even amid a global health crisis, the Lone Star State has maintained its status …

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 …

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 …

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‣ Walker & Dunlop

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