By VIP News on Mar 1, 2010 in Commercial | 0 Comments
If you are one of the many investors sitting on the sidelines waiting for the perfect opportunity to snag in-demand commercial real estate, now may be your chance.
Last year was one of change for the commercial real estate market in Houston, as things came to a grinding halt due, in part, to lower oil prices [...]
By VIP News on Feb 23, 2010 in Commercial | 0 Comments
Houston’s commercial real estate sector saw many changes in 2009. Although protected somewhat by its rapid job growth, things got a bit iffy in the early part of 2009, when vacancy rates soared and rental prices started tumbling.
In contrast, the better part of 2008 saw escalating rent prices and a low vacancy rate. In other [...]
By VIP News on Feb 18, 2010 in Commercial | 0 Comments
The end-of-the-year numbers for office space in Houston were quite dismal. CB Richard Ellis, in fact, recently reported that Houston’s office market ended with 2.74 million square feet of negative net absorption. In other words, there were nearly three million square feet less office space leased in 2009 than 2008.
Any gains in 2008 were erased [...]
By VIP News on Oct 26, 2009 in Commercial | 0 Comments
Houston used to be the city that was protected from the brunt of the recession storm, but not many people can say that anymore. And in the middle of all the uncertainty is the commercial real estate market, which may also be headed for trouble as the year comes to an end.
Property sales for commercial [...]
By VIP News on Sep 25, 2009 in Commercial | 0 Comments
The Galleria recognizes that the key to significant growth in this progressive section of Houston relies on the businesses that call it home. The businesses and companies that serve the Galleria, as well as Uptown Houston, West Houston , Highland Village and Greenway Plaza, are the force behind the success of theses areas, as they [...]