2022 | Houston Economic Outlook - THE TENANT ADVISOR
2022 | Houston Economic Outlook - THE TENANT ADVISOR
Houston Highlights The Houston MSA 2021 population grew by 467,000 during the last five years to over 7.2 million and is projected to grow by almost 589,000 over the next five years. Houstonās racial diversity is twice as high as the national average. Houstonās unemployment rate and job growth made huge improvements between 2020 and […]
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Houston Highlights The Houston MSA 2021 population grew by 467,000 during the last five years to over 7.2 million and is projected to grow by almost 589,000 over the next five years. Houstonās racial diversity is twice as high as the national average. Houstonās unemployment rate and job growth made huge improvements between 2020 and [ā¦]
The post 2022 | Houston Economic Outlook appeared first on THE TENANT ADVISOR.
Houston Highlights The Houston MSA 2021 population grew by 467,000 during the last five years to over 7.2 million and is projected to grow by almost 589,000 over the next five years. Houstonās racial diversity is twice as high as the national average. Houstonās unemployment rate and job growth made huge improvements between 2020 and [ā¦]
The post 2022 | Houston Economic Outlook appeared first on THE TENANT ADVISOR.
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Q1 2022 | U.S. Office Market Outlook
by CoyDavidson | May 25, 2022
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713-830-2128
coy.davidson@colliers.com
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Q1 2022 | U.S. Office Market Outlook
by CoyDavidson | May 25, 2022
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Clarity and the New Reality Despite lingering concerns about COVID-19, inflation, and rising interest rates, we anticipate strong demand this year from occupiers and investors in commercial real estate. While the Omicron variantās rapid spread will continue to temper economic growth in the first quarter, a rebound in the service sector will produce substantial tailwinds [ā¦]
The post Commercial Real Estate Outlook for 2022 appeared first on THE TENANT ADVISOR.
Clarity and the New Reality Despite lingering concerns about COVID-19, inflation, and rising interest rates, we anticipate strong demand this year from occupiers and investors in commercial real estate. While the Omicron variantās rapid spread will continue to temper economic growth in the first quarter, a rebound in the service sector will produce substantial tailwinds [ā¦]
The post Commercial Real Estate Outlook for 2022 appeared first on THE TENANT ADVISOR.
Houston Highlights Houstonās vacancy rate decreased 20 basis points from 5.8% to 5.6% over the quarter as more inventory was leased than new inventory delivered. Houstonās retail sector recorded 1.1 million square feet of positive net absorption in the first quarter. Leasing volume reached 1.9 million square feet in Q1, an increase of 26% over [ā¦]
The post Q1 2022 | Houston Retail Market Report appeared first on THE TENANT ADVISOR.
Houston Highlights Houstonās vacancy rate decreased 20 basis points from 5.8% to 5.6% over the quarter as more inventory was leased than new inventory delivered. Houstonās retail sector recorded 1.1 million square feet of positive net absorption in the first quarter. Leasing volume reached 1.9 million square feet in Q1, an increase of 26% over [ā¦]
The post Q1 2022 | Houston Retail Market Report appeared first on THE TENANT ADVISOR.
Houston Highlights Houstonās Industrial market continued to gain momentum as leasing velocity reached 10 million square feet in the first quarter. The increase in demand for space continued to spur new development with over 18 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonās [ā¦]
The post Q1 2022 | Houston Industrial Market Report appeared first on THE TENANT ADVISOR.
Houston Highlights Houstonās Industrial market continued to gain momentum as leasing velocity reached 10 million square feet in the first quarter. The increase in demand for space continued to spur new development with over 18 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonās [ā¦]
The post Q1 2022 | Houston Industrial Market Report appeared first on THE TENANT ADVISOR.
A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
Houston Highlights Houstonās medical office building (MOB) market posted 531,293 square feet of positive net absorption in the first half of 2022, an increase over the 219,659 square feet recorded in the first half of 2021. The vacancy rate fell over the year from 13% to 12.1%. Houstonās MOB inventory increased slightly with 514,775 square feet of new inventory added in the second half of 2022 and there is 2.3 million SF of MOB space under construction. The average asking NNN rental rate ro...
Houston Highlights Houstonās medical office building (MOB) market posted 531,293 square feet of positive net absorption in the first half of 2022, an increase over the 219,659 square feet recorded in the first half of 2021. The vacancy rate fell over the year from 13% to 12.1%. Houstonās MOB inventory increased slightly with 514,775 square feet of new inventory added in the second half of 2022 and there is 2.3 million SF of MOB space under construction. The average asking NNN rental rate ro...
Houston Highlights Houstonās vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houstonās retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2...
Houston Highlights Houstonās vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houstonās retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2...
Houston Highlights Houstonās office market posted negative net absorption in Q2 2022, recording (-224,211) square feet. The overall average vacancy rate rose marginally by 10 basis points between quarters from 23.4% to 23.5%. Office inventory remained unchanged, as no new inventory was added and there is 2.0 million SF of office space under construction. Average rental rates increased over the year. Houstonās Class A overall average full-service rental rate rose from $35.10 per square foot ...
Houston Highlights Houstonās office market posted negative net absorption in Q2 2022, recording (-224,211) square feet. The overall average vacancy rate rose marginally by 10 basis points between quarters from 23.4% to 23.5%. Office inventory remained unchanged, as no new inventory was added and there is 2.0 million SF of office space under construction. Average rental rates increased over the year. Houstonās Class A overall average full-service rental rate rose from $35.10 per square foot ...
Houston Highlights Houstonās industrial market continued to gain momentum as leasing velocity reached over 10 million square feet in the second quarter. The increase in demand for space continued to spur new development with over 21 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonās industrial market recorded 6.6 million square feet of positive net absorption in the second quarter. The vacancy rate decreased 280...
Houston Highlights Houstonās industrial market continued to gain momentum as leasing velocity reached over 10 million square feet in the second quarter. The increase in demand for space continued to spur new development with over 21 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonās industrial market recorded 6.6 million square feet of positive net absorption in the second quarter. The vacancy rate decreased 280...