REBusinessOnline

Slow-But-Steady Recovery Ensures That Dallas Remains a Top Office Market

By Mike Otillio, research director, Colliers The Dallas office market and North Texas region as a whole continue to evolve as leading destinations for corporate relocations, led in part by a favorable business climate.  This reputation as a top landing spot for regional workforce consolidations and outright relocations from other states has helped Dallas become a national leader in some key back-to-work metrics. According to research from security firm Kastle Systems, which monitors …

Multifamily Represents the Land of Opportunity for North Texas Developers in 2022

By John Griggs, co-founder, co-CEO, Presidium Everything is bigger in Texas, including the opportunity for apartment investment, development and absorption — and the nation is catching on.  In 2021, Dallas-Fort Worth (DFW) again led the country in the number of multifamily units delivered, adding more than 20,000 new residences for the fourth year in a row. With the thriving economy, lower taxes, central location and an influx of people moving to the area via natural net migration and …

Demand Resurfaces in Dallas Retail Market as Supply Wanes, New Households Arrive

By Philip Levy, senior managing director, investments, Marcus & Millichap The Dallas retail climate is more favorable entering 2022 than it has been for most of the COVID-19 crisis.  Overall, the marketwide retail vacancy rate fell 50 basis points during the first three quarters of 2021, ending at an even 6 percent in September.[caption id="attachment_309119" align="alignright" width="100"] Philip Levy, Marcus & Millichap[/caption] Nevertheless, that rate is about 100 basis …

Manufacturing Can Play an Unsung Role in Driving Industrial Growth in Dallas

By Conrad Madsen, SIOR, co-founder and partner, Paladin Partners; and Kipp Collins, partner, Paladin Partners Just 20 years ago, the conventional wisdom and commonly held belief throughout the Dallas commercial real estate scene was that office and retail were preferable sectors to be in versus industrial. Looking back and reflecting on how industrial has gone from ugly duckling to white swan in just 20 short years, we can’t help but be glad that we didn’t take that advice. Led by Amazon, …

Texas Office Owners Double Down on Health, Wellness

By Taylor Williams Office owners in Texas remain acutely aware of how the pandemic has changed the game and are not shying away from promoting health and wellness within their buildings. According to data from security firm Kastle Systems, which tracks keycard, fob and app access to some 2,600 office buildings across 138 cities and 47 states, office space in America’s largest markets continues to be underutilized. Across the 10 markets that Kastle Systems tracks, including Austin, Houston …

Houston Industrial Market Puts a Bow on a Record Year

By Zack Taylor, senior vice president, Colliers Houston’s industrial market continued to see strong leasing activity in the third quarter. Overall net absorption for 2021 should easily pass 20 million square feet, making it the best year on record by a long shot. For context, Houston’s industrial market has, on average, absorbed between 8 million and 11 million square feet of space per year since 2014. Houston’s North and Southwest submarkets absorbed the most space in the third quarter …

Rising Oil Prices, Positive Quarterly Absorption Spell Hope for Houston Office Market

By Blake Virgilio, SIOR, CCIM, vice president at Colliers The Houston office market continued its very gradual stabilization with 27,000 square feet of positive absorption in the  third quarter. While that volume of absorption only represents roughly one floor of office space in a typical Houston office building, it’s the first time the market has posted a quarter of positive net absorption in the last two years.[caption id="attachment_305680" align="alignright" width="100"] Blake …

Restaurants Embody Trends That Define Houston Retail Market Post-Covid

By Jeff Tinsley, senior advisor, SVN | J. Beard Real Estate - Greater Houston As we reach the end of the calendar year, it’s become clear that 2021 has been a year of transition. Many new trends are emerging from the pandemic year of 2020 with regard to retail real estate.   COVID-19-induced trends within shopping, dining and entertainment have given rise to a new generation of retailers to the Houston market. Many quick-service restaurants (QSRs) are looking to reduce store sizes for …

San Antonio’s River Walk Hits New Heights

By Jeffrey Brown, FAIA, founding principal and CEO, Powers Brown ArchitectureSan Antonio, with its 1.5 million residents, occupies an enigmatic identity, flying under the radar as the second-largest city in Texas and the seventh-largest city in the nation. Located between the south and central regions of the Lone Star State, San Antonio’s economy is fueled by tourism, military, financial services, energy and healthcare providers. Its lower-than-average cost of living and high quality of …

Austin, San Antonio Industrial Markets Both Experience Unprecedented Demand

By Joe Iannacone, senior vice president, Titan Development; and Omar Nasser, senior vice president, AQUILA Commercial The Central Texas industrial market stretches between Austin and San Antonio along the Interstate 35 “Innovation” Corridor, an approximately 80-mile expanse that encompasses some of the fastest-growing cities in the nation.[caption id="attachment_303444" align="alignright" width="100"] Joe Iannacone, Titan Development[/caption] Austin, now the 10th-largest city in …

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