Houston's strong job growth in the energy sector has boosted office leasing activity in the first half of 2012. Positive net absorption totaled 1.4 million square feet in Q2 alone, bringing the year-to-date total to 2.4 million square feet. Vacancy rates decreased slightly to 14.5% as demand outpaced new supply. Rental rates also increased slightly citywide to an average of $23.66 per square foot. Continued job and economic growth are expected to maintain a healthy office market outlook.
Houston's office market saw strong leasing activity in the second quarter of 2012, driven by job growth in the energy sector. Net absorption was positive 1.4 million square feet, bringing the year-to-date total to 2.4 million square feet. Vacancy rates remained relatively unchanged, while average rental rates rose slightly. Several new office developments were announced to address the low available inventory as demand increased from companies looking to expand.
Houston's strong job growth and healthy economy boosted office leasing activity in Q3 2012. Leasing activity reached 2.6 million SF, pushing the year-to-date total to over 9.75 million SF. Houston's overall vacancy rate fell to 14.2% as net absorption reached 767,000 SF in Q3. With continued expansion in the energy industry and a strong housing market, Houston's economy is expected to remain healthy.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
Houston's office market saw slowing leasing and absorption in Q1 2013 compared to previous periods. Vacancy rates increased slightly but were down year-over-year. Over 9 million square feet of new office space is under construction, which is expected to boost absorption later in the year. Rental rates increased slightly citywide but some Class A buildings saw 8-10% rate increases. Job and population growth in Houston continue to support a healthy office market outlook.
Houston's strong job growth and healthy economy boosted office leasing activity in 2012. Fourth quarter leasing reached 2.4 million square feet, pushing the annual total past 12.2 million square feet. Vacancy rates declined across the city while rental rates increased slightly. Major transactions included the $175 million sale of the KBR Tower and Modec International leasing 127,000 square feet at Energy Crossing II.
Houston's office market continues to see strong growth, with over 17.8 million square feet currently under construction. Net absorption was positive 1.6 million square feet in Q2 2014, pushing the year-to-date net absorption to a positive 2.2 million square feet. The average rental rate increased 1% over the quarter to $26.52 per square foot, as the economy remains healthy due to job and energy sector growth.
- The Houston office market vacancy rate increased to 18.5% in Q1 2017, with slower job growth and energy sector layoffs contributing to higher vacancies. However, available sublease space has decreased in the last two quarters, indicating the market may be stabilizing.
- Office construction in Houston has declined significantly, with the pipeline shrinking 50% in one year and 65% over two years. Only 1.8 million square feet of new space was delivered in Q1 2017, with 40% vacant.
- Job growth in Houston has been slower than average due to the weakened energy market, but 19,300 new jobs were added in the metro area between February 2016-2017, with growth in arts, entertainment
The document summarizes key office market indicators and trends for Houston, Texas in Q1 2015. Net absorption slowed to 1.2 million SF compared to 2.3 million SF in Q1 2014, while vacancy rates increased slightly. Rental rates remained relatively stable, increasing 0.9% citywide. Over 3.5 million SF of new inventory delivered during the quarter, with 68% pre-leased. The effects of lower oil prices are beginning to impact the Houston office market, as available sublease space increased 33% and job growth slowed compared to previous periods. However, vacancy rates remain moderate and most proposed construction projects have been put on hold, which should help stabilize the market.
Houston's office market saw strong leasing activity in the second quarter of 2012, driven by job growth in the energy sector. Net absorption was positive 1.4 million square feet, bringing the year-to-date total to 2.4 million square feet. Vacancy rates remained relatively unchanged, while average rental rates rose slightly. Several new office developments were announced to address the low available inventory as demand increased from companies looking to expand.
Houston's strong job growth and healthy economy boosted office leasing activity in Q3 2012. Leasing activity reached 2.6 million SF, pushing the year-to-date total to over 9.75 million SF. Houston's overall vacancy rate fell to 14.2% as net absorption reached 767,000 SF in Q3. With continued expansion in the energy industry and a strong housing market, Houston's economy is expected to remain healthy.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
Houston's office market saw slowing leasing and absorption in Q1 2013 compared to previous periods. Vacancy rates increased slightly but were down year-over-year. Over 9 million square feet of new office space is under construction, which is expected to boost absorption later in the year. Rental rates increased slightly citywide but some Class A buildings saw 8-10% rate increases. Job and population growth in Houston continue to support a healthy office market outlook.
Houston's strong job growth and healthy economy boosted office leasing activity in 2012. Fourth quarter leasing reached 2.4 million square feet, pushing the annual total past 12.2 million square feet. Vacancy rates declined across the city while rental rates increased slightly. Major transactions included the $175 million sale of the KBR Tower and Modec International leasing 127,000 square feet at Energy Crossing II.
Houston's office market continues to see strong growth, with over 17.8 million square feet currently under construction. Net absorption was positive 1.6 million square feet in Q2 2014, pushing the year-to-date net absorption to a positive 2.2 million square feet. The average rental rate increased 1% over the quarter to $26.52 per square foot, as the economy remains healthy due to job and energy sector growth.
- The Houston office market vacancy rate increased to 18.5% in Q1 2017, with slower job growth and energy sector layoffs contributing to higher vacancies. However, available sublease space has decreased in the last two quarters, indicating the market may be stabilizing.
- Office construction in Houston has declined significantly, with the pipeline shrinking 50% in one year and 65% over two years. Only 1.8 million square feet of new space was delivered in Q1 2017, with 40% vacant.
- Job growth in Houston has been slower than average due to the weakened energy market, but 19,300 new jobs were added in the metro area between February 2016-2017, with growth in arts, entertainment
The document summarizes key office market indicators and trends for Houston, Texas in Q1 2015. Net absorption slowed to 1.2 million SF compared to 2.3 million SF in Q1 2014, while vacancy rates increased slightly. Rental rates remained relatively stable, increasing 0.9% citywide. Over 3.5 million SF of new inventory delivered during the quarter, with 68% pre-leased. The effects of lower oil prices are beginning to impact the Houston office market, as available sublease space increased 33% and job growth slowed compared to previous periods. However, vacancy rates remain moderate and most proposed construction projects have been put on hold, which should help stabilize the market.
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Houston’s industrial market continues to expand adding 3.4M SF of new inventory in Q1 2019 with an additional 16.2M SF under construction
Houston's office market saw positive absorption of 84,750 SF in Q2 2018, rebounding from negative absorption in Q1 2018. Vacancy rates decreased slightly to 21.7% overall but increased year-over-year. Large companies like Occidental Petroleum are downsizing space and subleasing hundreds of thousands of square feet. Rental rates have remained relatively stable while leasing activity decreased compared to prior periods.
Houston's office market saw strong absorption in Q4 2013, pushing full-year absorption to 2.9 million square feet. Vacancy rates declined slightly both quarter-over-quarter and year-over-year as energy companies expanded. Rental rates increased across the board, with average Class A rents in the CBD rising 2.6% and suburban Class A rents up 1.3%. Absorption was driven by energy sector tenants taking large blocks of space for expansion projects. The economy is expected to remain strong in 2014 with continued job and population growth.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
Office-using employment sectors have experienced sustained, albeit modest employment expansion over the last year, recording an annualized net gain of 1,800 jobs across the metro.
Houston's office market saw positive net absorption of 715,000 SF in Q3 2013, with rental rates increasing citywide. Over 10.5M SF of new office space is under construction. The vacancy rate rose slightly to 15.4% due to new inventory delivery, though CBD vacancy declined. Strong job and economic growth are expected to continue driving demand for office space.
The document summarizes a Savills Studley report on the Houston office market in Q2 2015. It finds that leasing activity remained low while availability expanded. Specifically, overall leasing was down 35.6% year-over-year despite some large deals by Cousins Properties and Skanska. Availability rates increased by 1.1 percentage points from the prior quarter and 3.3 points from the previous year. The market is shifting in favor of tenants as uncertainty in the energy industry has led to layoffs and sublease space hitting the market, while new supply continues to be delivered.
The Class A office availability rate in Los Angeles fell from 19.5% to 19.2% in the first quarter of 2015, while overall availability remained steady at 18.0%. Strong leasing activity over the last six months totaled 10.1 million square feet, the best two-quarter period in years. Asking rents increased 1.7% overall and 1.5% for Class A properties. West Los Angeles submarkets saw sharp quarterly declines in availability rates and continued rent growth above other areas of LA County.
The industrial market in Houston continues to strengthen. Net absorption in Q4 was 1.5 million SF, bringing annual absorption to 4.4 million SF. Vacancy decreased to 5.2% in Q4. Quoted rental rates increased slightly. The construction pipeline grew significantly to 2.9 million SF total, with 1.8 million SF being spec development. With continued job and economic growth expected, demand for industrial space in Houston is projected to remain solid.
With demand rising steadily and supply running low in Columbus, now is a great time to be a landlord. As a tenant, with the introduction of many "big" players in the Columbus market and the third party vendors that follow, now is the time lease or become an owner/occupier before the market fully adjusts to today's supply and demand of industrial space. Let the Colliers Columbus Industrial Team add value to your next transaction with our proven industry knowledge and systematic approach- contact me with any questions regarding our market report or how we can be of assistance in achieving your business' goals.
Houston's office market posted positive net absorption of 673,000 square feet in Q4 2017, the first positive figure in several years. However, the 2017 yearly total was still negative at -1.7 million square feet due to previous quarters of negative absorption. Vacancy rates decreased slightly to 19.1% from 19.3% over the quarter but remained higher than the 17.5% rate from Q4 2016. Rents for Class A office space decreased slightly to $34.97 per square foot on average.
Thanks to several large leases including ones signed by Paylocity, US Cellular and Combined Insurance, the suburbs had strong first half of 2016 with leasing activity reaching over 2.5 million square feet.
This report summarizes office market trends in the San Diego area for the second quarter of 2017. It provides statistics on vacancy rates, absorption, rental rates, and notable leasing and sale transactions. Two key submarkets, Kearny Mesa and Mission Valley, had overall vacancy rates of 9.23% and 9.1% respectively. Kearny Mesa posted strong net absorption of 136,858 square feet year-to-date and average asking rental rates increased 4.7% from a year ago. Mission Valley saw negative absorption of 46,568 square feet year-to-date and average rents increased 3.8% from a year ago. The report also forecasts continued positive absorption and rising rental rates for San Diego overall
The Houston office market posted positive net absorption of 81,091 square feet in Q2 2011, with most absorption occurring in the suburban sector. Overall vacancy rates decreased slightly to 15.9% from 16.5% year-over-year. Rental rates continued to decline, with the average citywide rate dropping to $22.70 per square foot in Q2 2011. Vacancy increased in the CBD Class A properties to 12.5% while declining in the suburban Class A properties to 16.2%.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
Year-to-date leasing activity surpassed the 2015 total in the third quarter, a positive sign for market. As the long-awaited East End Bridge nears completion, developers are looking to acquire land along the newly-opened access points as activity shifts to the northeast. In addition, four projects were announced in the third quarter total over 300,000 square feet of proposed speculative space as developers remain bullish on the market.
The document summarizes Houston's industrial real estate market performance in Q2 2017. Some key points:
- Vacancy rate increased slightly from 5.3% to 5.5% as absorption slowed.
- Over 1.5 million square feet of new industrial space was delivered in Q2. There is currently 4.2 million square feet under construction, with 77.2% pre-leased.
- Two large new petrochemical plants were announced, reflecting continued growth in that industry in the Houston area.
- Average industrial rental rates decreased slightly both quarterly and annually as more available space entered the market.
The Columbus retail market recorded positive net absorption of 108,252 square feet in the third quarter of 2012. Vacancy rates decreased slightly to 10.1% from 10.2% in the previous quarter. Notable leases included Nordstrom Rack leasing 36,250 square feet and Star Lanes leasing 35,000 square feet. Construction activity also increased with over 170,000 square feet of new space breaking ground in the past 90 days. The retail market in Columbus continues its recovery with improving absorption, rental, and construction trends.
This document is a travelogue about Yellowstone and Grand Teton National Parks in the United States. It describes the unique geological features of the parks, including their volcanic mountains and geysers. The document was created on October 12, 2010 and is copyrighted by its author Jerry Tse.
The document discusses how both art and music can be used as forms of medicine. It provides examples of how art therapy and music therapy are established healthcare professions that use creative activities and music respectively to address various physical, emotional, cognitive, and social needs. Studies have shown benefits of both in reducing pain, anxiety, and depression in patients.
Share or view online at colliers.com/houston
Houston’s industrial market continues to expand adding 3.4M SF of new inventory in Q1 2019 with an additional 16.2M SF under construction
Houston's office market saw positive absorption of 84,750 SF in Q2 2018, rebounding from negative absorption in Q1 2018. Vacancy rates decreased slightly to 21.7% overall but increased year-over-year. Large companies like Occidental Petroleum are downsizing space and subleasing hundreds of thousands of square feet. Rental rates have remained relatively stable while leasing activity decreased compared to prior periods.
Houston's office market saw strong absorption in Q4 2013, pushing full-year absorption to 2.9 million square feet. Vacancy rates declined slightly both quarter-over-quarter and year-over-year as energy companies expanded. Rental rates increased across the board, with average Class A rents in the CBD rising 2.6% and suburban Class A rents up 1.3%. Absorption was driven by energy sector tenants taking large blocks of space for expansion projects. The economy is expected to remain strong in 2014 with continued job and population growth.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
Office-using employment sectors have experienced sustained, albeit modest employment expansion over the last year, recording an annualized net gain of 1,800 jobs across the metro.
Houston's office market saw positive net absorption of 715,000 SF in Q3 2013, with rental rates increasing citywide. Over 10.5M SF of new office space is under construction. The vacancy rate rose slightly to 15.4% due to new inventory delivery, though CBD vacancy declined. Strong job and economic growth are expected to continue driving demand for office space.
The document summarizes a Savills Studley report on the Houston office market in Q2 2015. It finds that leasing activity remained low while availability expanded. Specifically, overall leasing was down 35.6% year-over-year despite some large deals by Cousins Properties and Skanska. Availability rates increased by 1.1 percentage points from the prior quarter and 3.3 points from the previous year. The market is shifting in favor of tenants as uncertainty in the energy industry has led to layoffs and sublease space hitting the market, while new supply continues to be delivered.
The Class A office availability rate in Los Angeles fell from 19.5% to 19.2% in the first quarter of 2015, while overall availability remained steady at 18.0%. Strong leasing activity over the last six months totaled 10.1 million square feet, the best two-quarter period in years. Asking rents increased 1.7% overall and 1.5% for Class A properties. West Los Angeles submarkets saw sharp quarterly declines in availability rates and continued rent growth above other areas of LA County.
The industrial market in Houston continues to strengthen. Net absorption in Q4 was 1.5 million SF, bringing annual absorption to 4.4 million SF. Vacancy decreased to 5.2% in Q4. Quoted rental rates increased slightly. The construction pipeline grew significantly to 2.9 million SF total, with 1.8 million SF being spec development. With continued job and economic growth expected, demand for industrial space in Houston is projected to remain solid.
With demand rising steadily and supply running low in Columbus, now is a great time to be a landlord. As a tenant, with the introduction of many "big" players in the Columbus market and the third party vendors that follow, now is the time lease or become an owner/occupier before the market fully adjusts to today's supply and demand of industrial space. Let the Colliers Columbus Industrial Team add value to your next transaction with our proven industry knowledge and systematic approach- contact me with any questions regarding our market report or how we can be of assistance in achieving your business' goals.
Houston's office market posted positive net absorption of 673,000 square feet in Q4 2017, the first positive figure in several years. However, the 2017 yearly total was still negative at -1.7 million square feet due to previous quarters of negative absorption. Vacancy rates decreased slightly to 19.1% from 19.3% over the quarter but remained higher than the 17.5% rate from Q4 2016. Rents for Class A office space decreased slightly to $34.97 per square foot on average.
Thanks to several large leases including ones signed by Paylocity, US Cellular and Combined Insurance, the suburbs had strong first half of 2016 with leasing activity reaching over 2.5 million square feet.
This report summarizes office market trends in the San Diego area for the second quarter of 2017. It provides statistics on vacancy rates, absorption, rental rates, and notable leasing and sale transactions. Two key submarkets, Kearny Mesa and Mission Valley, had overall vacancy rates of 9.23% and 9.1% respectively. Kearny Mesa posted strong net absorption of 136,858 square feet year-to-date and average asking rental rates increased 4.7% from a year ago. Mission Valley saw negative absorption of 46,568 square feet year-to-date and average rents increased 3.8% from a year ago. The report also forecasts continued positive absorption and rising rental rates for San Diego overall
The Houston office market posted positive net absorption of 81,091 square feet in Q2 2011, with most absorption occurring in the suburban sector. Overall vacancy rates decreased slightly to 15.9% from 16.5% year-over-year. Rental rates continued to decline, with the average citywide rate dropping to $22.70 per square foot in Q2 2011. Vacancy increased in the CBD Class A properties to 12.5% while declining in the suburban Class A properties to 16.2%.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
Year-to-date leasing activity surpassed the 2015 total in the third quarter, a positive sign for market. As the long-awaited East End Bridge nears completion, developers are looking to acquire land along the newly-opened access points as activity shifts to the northeast. In addition, four projects were announced in the third quarter total over 300,000 square feet of proposed speculative space as developers remain bullish on the market.
The document summarizes Houston's industrial real estate market performance in Q2 2017. Some key points:
- Vacancy rate increased slightly from 5.3% to 5.5% as absorption slowed.
- Over 1.5 million square feet of new industrial space was delivered in Q2. There is currently 4.2 million square feet under construction, with 77.2% pre-leased.
- Two large new petrochemical plants were announced, reflecting continued growth in that industry in the Houston area.
- Average industrial rental rates decreased slightly both quarterly and annually as more available space entered the market.
The Columbus retail market recorded positive net absorption of 108,252 square feet in the third quarter of 2012. Vacancy rates decreased slightly to 10.1% from 10.2% in the previous quarter. Notable leases included Nordstrom Rack leasing 36,250 square feet and Star Lanes leasing 35,000 square feet. Construction activity also increased with over 170,000 square feet of new space breaking ground in the past 90 days. The retail market in Columbus continues its recovery with improving absorption, rental, and construction trends.
This document is a travelogue about Yellowstone and Grand Teton National Parks in the United States. It describes the unique geological features of the parks, including their volcanic mountains and geysers. The document was created on October 12, 2010 and is copyrighted by its author Jerry Tse.
The document discusses how both art and music can be used as forms of medicine. It provides examples of how art therapy and music therapy are established healthcare professions that use creative activities and music respectively to address various physical, emotional, cognitive, and social needs. Studies have shown benefits of both in reducing pain, anxiety, and depression in patients.
The document discusses GE Intelligent Platforms 2010 Safety Fair which was an event held by GE Intelligent Platforms in 2010 to promote workplace safety. The fair highlighted GE Intelligent Platforms' efforts and initiatives around safety in the workplace.
The document is about the annual general meeting for CPRS Edmonton that was held on June 20, 2008 at the Westin Hotel. It provides basic information about the date and location of the meeting but does not include any details about agenda items, attendees, or outcomes from the event.
This document summarizes medical education programs offered through partnerships between Xavier University and universities located in the Philippines, China, India, and the Netherlands Antilles. Key details include:
- Xavier University has partnerships with Cebu Doctors University, South Western University, Cagayan State University, Angeles University Foundation, and Manila Central University in the Philippines to offer MD, nursing, and allied health programs.
- In the Netherlands Antilles, Xavier University's campus is located on the island of Bonaire and offers an accelerated 4-year MD program as well as preparatory health science programs.
- The programs are facilitated and managed through Xavier University's education management company ALLTERE, which brings over $25 million
ES ELL Tech Integration with detailed informationstrifman
Students need tools to help improve their English language skills and demonstrate what they have learned. Using interactive storybooks and presentation software can help students develop their listening, reading, vocabulary, and language presentation abilities in a less stressful environment. These tools provide opportunities for individualized learning and scaffolding of skills. They also allow students to receive feedback and share their work with a wider audience.
Retrospect Of Photography Kip Sudduth 2 1 10.11 Copy CopyG_Sudduth
Kip Sudduth is an artist who has created numerous works across different series, including Madonna of Francis Place, Black Hunter on a White Day, Dancers, The Breadmen of Venice, Drawing on the Blue Grotto, Pompeian, Strawberry Stream Forever, Treedom, Treedom’s Vision, TexasPhoCubism I, Faerie Series: In the Circle, English Romana, English Romana: Garden, Tattooed, KSoGraph, High school, Solar Madonna, David with the Head of Goliath, Eye Medusa, Christus del Michoacan, Hands, Nature Being Act, The Looking Back, Canyon, My Backyard Growing Up,
Analyzed Mexico's economic environment and looked for high-growth industries to do business in. Decided to focus on infrastructure/transportation. Due to the lack of passenger rail service in Mexico City, developed a proposal for new rail service connecting Mexico City to Pachuca, Teotihuacán, and Puebla.
Historical The Three Gorges, Yangtze, ChinaJerry Daperro
A selection of old and rare photos, taken in the late 1940s, of The Three Gorges of the Yangtze River, the longest river in China. The Powerpoint slideshow presentation also includes a few recent photos of the Three Gorges for comparison
charter communications AB8B5B7E-EBD2-44E9-B5B9-D36B07704036_CHARTERCOMMUNICDE...finance34
- The document is Charter Communications' proxy statement for its 2008 annual shareholder meeting.
- Shareholders will vote on two matters: electing one Class A/Class B director and ratifying the appointment of KPMG as the company's independent auditor.
- The holder of Class B shares, who controls the majority of voting power, will solely elect the eleven Class B directors and intends to vote in favor of the proposals.
Cheng Hoon Teng, Chinese Temple, Malacca.Jerry Daperro
The Powerpoint slideshow introduces the Chinese temple of Cheng Hoon Teng, in Malacca. It briefly touch upon the main elements of Chinese temple and the history of Malacca. The temple is the oldest and grandest Chinese temple in Malaysia.
This document contains summaries of and links to various myths and concepts related to learning in the digital age. It discusses legends, creation myths, the myth of Sisyphus, learning styles, Ockham's razor, the myth of King Midas, the blind men and the elephant, the invisible hand, tribes and networks, Marshall McLuhan's work on media, the semantic principle, definitions of e-learning, and magic/mythmaking. The document is by Stephen Downes and explores both real and mythical aspects of learning in today's digital context.
An overview of the principles of web design, user experience, content strategy and search engine optimization, with a focus on how a beginner or non-coding WordPress user can employ them to make better websites.
The document outlines steps for developing an effective social media strategy, including identifying objectives, resources, and tools. It recommends creating an action plan with a timetable, editorial calendar, and content management approach. The plan should integrate online and offline efforts and include measuring performance against objectives.
Leonardo Da Vinci took 3 years to paint The Last Supper mural for the prince Ludovico Sforza of Milan. The mural used an experimental technique that proved unstable, requiring extensive restoration even while still in poor condition. Some believe Da Vinci hid a musical requiem mass notation in the painting. It depicts the moment when Jesus announces one of his apostles will betray him, showing the apostles each reacting differently to Jesus' words. A hand holding a knife behind an apostle was once thought to be excess but is now seen as belonging to St. Peter.
The document provides an overview of the activities and impact of the Friends of St. John's Hospital from July 2010 to June 2012. It highlights how donor contributions were used to fund various hospital programs and services, equipment, education, and facility expansion. Over $2.57 million was granted to support areas like the children's hospital, behavioral health, birth center, cancer institute, nursing education, and more. The support helps St. John's fulfill its mission to provide compassionate, whole-person care to the community.
This document is the table of contents for a science fiction novel titled Empire from the Ashes. It lists the chapter titles for three books: Mutineers' Moon, The Armageddon Inheritance, and Heirs of Empire. The table of contents indicates there are multiple books and chapters in the novel, which follows the stories within those books. It provides the high-level structure and organization of the content but does not include any details about the plot or characters.
O documento descreve um espetáculo de rua realizado pela Companhia Royal de Luxe em frente à Catedral de Notre Dame em Paris, com imagens mostrando gigantescas esculturas mecânicas sendo operadas.
Houston's office market saw strong positive absorption in Q2 2012, driven by job growth in the energy sector. Net absorption was 1.4 million SF, pushing the YTD total to 2.4 million SF. Vacancy rates decreased slightly, while average rental rates rose between quarters. Several companies announced plans for new office developments to address the reduced available inventory due to increased demand for space.
Houston's office market saw positive net absorption in Q4 2010, with vacancy rates decreasing slightly from the previous year. While overall absorption increased, tenants benefited from declining average CBD rental rates for Class A buildings. Looking ahead, over 1 million square feet of new Class A space is scheduled to come online in 2011, adding to vacancy levels, but job growth in Houston remained positive.
Houston's office market saw slowing leasing activity and absorption in Q1 2013 compared to the previous year, with vacancy increasing slightly to 13.9%. However, rental rates increased overall and job growth in Houston remained strong at 4.5% annually. While leasing slowed in the short term due to limited available space, absorption is expected to increase later in the year when 9.4 million square feet of new office space under construction comes online.
Houston's office market had strong positive net absorption of 2.3 million square feet in Q1 2014, the highest since 2007. Vacancy rates declined slightly while rental rates increased across the market. Major energy companies are expanding and adding new office projects. The local economy is expected to remain strong in 2014 with continued healthy job and population growth.
The document summarizes Houston's office market performance in Q1 2018. Key points include:
- The overall vacancy rate increased to 20.1% due to large companies vacating space after layoffs and mergers, resulting in 1.5 million square feet of negative absorption.
- Sublease availability increased back above 9.0 million square feet due to space returned to the market during the energy downturn.
- Rental rates saw small decreases across classes and markets, with the average Class A rate at $34.91 per square foot.
- Leasing activity decreased 32% from the previous quarter while investment sales dropped slightly over the year.
The Houston office market summary provides an overview of key indicators in Q3 2014. Net absorption was 420k SF, pushing the year-to-date total to 4.4M SF. The average citywide vacancy rate increased slightly to 11.9% while average rental rates rose to $26.94 per SF. Strong job and economic growth are expected to continue driving demand in the Houston market through the end of 2014.
Houston's retail market saw positive net absorption of 1.1 million square feet in Q4 2012, bringing the year-end total to 1.2 million square feet. The opening of the first phase of the Tanger Outlet Center in Texas City and a new HEB store in Cypress accounted for over half a million square feet of Q4 absorption. Houston's retail vacancy rate declined slightly to 7.0% while average quoted rental rates decreased to $14.34 per square foot. The local economy remains healthy with strong job and population growth expected to continue driving retail demand.
The document summarizes industrial real estate trends in Houston, Texas in Q2 2018. Vacancy rates increased slightly to 5.5% as some tenants relocated from older buildings to newer, higher-quality space. Absorption turned negative as tenants left older buildings, though the overall market remains healthy. Over 12 million square feet of new industrial space is under construction, with several large distribution centers planned or underway. Job and economic growth in Houston continues to outpace national averages.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong, with 118,700 new jobs added in the last year and unemployment falling to 6.3%.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong in Q1, with 118,700 new jobs added in the past year and unemployment falling to 6.3%.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong in Q1, with 118,700 new jobs added in the past year and unemployment falling to 6.3%.
Houston has the most retail construction activity in the US with 3.9 million square feet under construction. The city's retail vacancy rate remained low at 5.8% despite 1.8 million square feet of new inventory delivered in Q2 2016. Job growth was modest at 5,100 new jobs added between May 2015 and May 2016, with growth in arts/entertainment, food services, and healthcare.
Houston's retail market posted strong gains in the second quarter of 2014. Net absorption was 1.2 million square feet, vacancy rates fell to a record low of 6.3%, and average rental rates increased. Notable leases signed included Whole Foods, Kroger Marketplace, and Conn's Appliances. With 1.2 million square feet under construction and strong job and economic growth forecasted, the Houston retail market is expected to continue its positive momentum.
Houston's retail market saw positive net absorption of 560,000 square feet in Q2 2013, bringing the year-to-date total to 960,000 square feet absorbed. The citywide vacancy rate decreased from 7.0% to 6.8% between quarters. Notable tenants that opened new locations or expanded in Q2 include HEB, LA Fitness, Michael's, and Monkey Joe's. The average quoted rental rate increased slightly to $14.75 per square foot between quarters. With continued job and economic growth, Houston's retail market is expected to remain healthy.
Houston's industrial market remains strong due to growth in the oil and gas industry. In Q1 2014, 1.9 million square feet of industrial space was absorbed. Vacancy rates rose slightly to 5.4% and average rental rates increased 2.4% compared to the previous quarter. Job and population growth in Houston are expected to sustain demand for industrial real estate throughout 2014.
Houston's office sublease market saw a small decrease in sublease space in Q2 2018, though additional sublease listings have slowed the downward trend. Most sublease spaces currently available have 1-3 years left on their leases, though some large blocks have 5+ years remaining. The sublease vacancy rate was 2.5% in Q2 2018 and the total available sublease rate was 4.3%. Sublease leasing activity and net absorption both decreased in Q2 2018 compared to previous periods. The CBD and West Houston submarkets have the most concentrated sublease availability.
Houston's retail market saw positive net absorption of 573,000 square feet in the first quarter of 2014. The average citywide vacancy rate remained unchanged at 6.6% from the previous quarter. There is currently 1.3 million square feet of retail space under construction in Houston, including a 102,000 square foot Kroger Marketplace and an 80,000 square foot HEB grocery store. The average quoted rental rate increased slightly to $14.73 per square foot between the fourth quarter of 2013 and the first quarter of 2014.
The Houston industrial market ended the fourth quarter of 2016 with positive net absorption of 1.9 million square feet. However, this was substantially lower than the previous quarter's absorption of 6.3 million square feet, which was driven largely by a single large tenant. The average industrial vacancy rate in Houston increased slightly over the quarter to 5.6% while rental rates increased 3.3% citywide. Approximately 70% of new space delivered in the quarter was pre-leased, and 78% of space under construction is also pre-leased.
Houston's industrial market remains healthy with low vacancy, stable rental rates, and positive net absorption. In Q2 2013, Houston posted 336,000 SF of net absorption, bringing the YTD total to 2.6M SF. The average vacancy rate increased slightly to 5.1% while average quoted rental rates rose 4.2% year-over-year. Demand for new industrial space continues to drive development, with 4.3M SF currently under construction, mostly speculative projects. Houston's economy is expected to remain strong due to continued expansion in the energy industry.
Houston's industrial market saw positive net absorption of 3 million square feet in the third quarter of 2017. Vacancy rates decreased slightly to 5.4% as demand for distribution and warehouse space continues to grow. Companies like Amazon, DHL, and FedEx absorbed over 1.5 million square feet by opening new distribution and logistics hubs. Over 5 million square feet of new industrial space is under construction, though vacancy rates remain low across several submarkets.
Similar to Q2 2012 Houston Office Market Research Report (20)
According to the document:
- Office activity has picked up significantly in the past quarter, with demand focused on newer Class A space in the CBD, South Central, and East areas of Austin. This has driven up rental rates in these core areas.
- Sublease space has received significant attention, with many subleases being occupied or nearing lease documentation. This allows tenants to avoid long construction timelines and realize substantial cost savings versus building out their own space.
- Overall vacancy remained at 19.3% as net absorption was negative, but delivery of new supply also slowed, suggesting continued strong demand. Rental rates across Austin increased slightly but remained flat in suburban areas.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
The industrial market in Austin, TX continued to experience tight supply and strong demand in the second quarter of 2021. Net absorption was 1,006,935 SF while vacancy dropped to 6.6%. However, the large development pipeline will not provide meaningful relief on vacancy until late 2021 and early 2022 as 2.3 million SF is currently under construction. With constrained supply across all size ranges, escalating rents and limited concessions are expected to continue through the rest of the year.
This document provides an overview of the industrial real estate market in Austin, TX for the first quarter of 2021. Key points include:
- Net absorption was 207K SF with vacancy at 7.9%, continuing the positive trends seen in late 2020.
- Population growth in Austin remains very strong at 184 people per day, fueling demand for industrial space from retailers, manufacturers, and logistics companies.
- Over 1.6M SF of new industrial space is under construction, but continued strong demand is expected to absorb space as it delivers through 2022.
The industrial real estate market in Austin saw tremendous growth and demand in 2020, driven primarily by e-commerce including Amazon expanding its footprint six-fold. Additionally, Tesla's announcement of a new gigafactory in Austin increased demand from suppliers. Available big box space over 100,000 SF became scarce as large requirements competed for limited supply. Developers responded by rapidly pursuing new developments to meet rising demand.
The Houston office market continued to contract in Q4 2020 with negative absorption of 836,140 square feet. Vacancy rates increased to 21.7% as the COVID pandemic continued to impact the market. Rental rates remained steady while landlord concessions became more aggressive. The outlook remains uncertain depending on vaccine distribution and return to office trends.
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
The Woodlands office market posted negative net absorption of 130,960 SF in Q3 2020, pushing the year-to-date total to negative 915,333 SF. The average Class A rental rate decreased to $36.85 per SF while the Class B rate increased to $33.42 per SF. Sublease availability rose with 371,974 SF for Class A and 79,878 SF for Class B. Leasing activity declined 43% from the previous quarter.
The Fort Bend commercial real estate market saw modest improvements in the third quarter of 2020. The office vacancy rate declined slightly while absorption and rental rates decreased. Medical office vacancy rose slightly while rental rates increased. Industrial vacancy rose due to new inventory additions, though rental rates increased and absorption was positive. Retail vacancy and negative absorption increased while rental rates rose. Several new commercial projects are under construction.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
The Woodlands office submarket in Houston, Texas recorded negative net absorption of 129,342 square feet in the second quarter of 2020, pushing the mid-year 2020 total net absorption to negative 239,835 square feet. Specifically, Class A space saw negative absorption due to a tenant vacating 134,000 square feet, while Class B space recorded negative absorption of 46,053 square feet. Rental rates for both Class A and B space remained stable despite the increase in vacancy rates caused by the negative absorption.
The Fort Bend commercial real estate market saw declines across most sectors in Q2 2020. The office vacancy rate rose to 11.8% with negative absorption, while average rents fell slightly. Medical office vacancy increased to 15.3% while rents rose. Industrial vacancy remained at 9.4% despite positive absorption as new inventory was added. Retail vacancy increased to 6.9% with negative absorption, as average rents grew slightly. Several new commercial projects are under construction across sectors totaling over 1.2 million square feet.
The document discusses how the COVID-19 pandemic has negatively impacted Houston's healthcare real estate market. Healthcare systems have seen their bottom lines impacted by the cancellation of profitable elective surgeries and costs associated with treating COVID-19 patients. As a result, previously planned expansions have been put on hold or scaled back as healthcare providers reduce expenses and medical office leasing activity has slowed. Some construction projects are still moving forward but larger, more ambitious capital projects have been delayed until the effects of the pandemic subside.
Austin's office market saw a large increase in sublease space availability in Q2 2020, with over 100,000 square feet added from several large companies. The sublease availability increased over 40% compared to the start of Q2, reflecting the economic challenges brought on by the COVID-19 pandemic. However, construction continued on projects like Google and Indeed's downtown towers, and Tesla announced plans for a new factory in Austin, showing signs that Austin remains an attractive market. Vacancy rates increased overall to 13.6% as net absorption turned negative, but some submarkets did see positive absorption.
Austin's industrial market posted negative net absorption in Q1 2020 due to space coming online, including at NorthTech Business Center and Amazon leasing a large space. Rental rates increased across flex/R&D and warehouse/distribution spaces. Over 1 million square feet of industrial space remains under construction, with over 800,000 square feet scheduled for delivery in Q2 2020. Vacancy increased slightly to 8.6% as large blocks of space came to the market.
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1. www.colliers.com/houston
Q2 2012 | OFFICE MARKET
RESEARCH & FORECAST REPORT
HOUSTON OFFICE MARKET
Houston’s Strong Job Growth Boosts Office Leasing Activity
Houston’s strong job growth due the to rapid expansion in the energy sector has boosted office
leasing during the first half of 2012. Houston’s office market posted 1.4 million SF of positive
absorption in the second quarter, pushing the year-to-date total to 2.4 million SF. Increased
demand for office space has reduced available inventory, leaving companies that are looking to
expand or move into the market with very few options. Office developers have responded by
announcing several new spec projects since last quarter.
In addition to the Exxon/Mobile North Houston campus, Anadarko’s second corporate tower in
The Woodlands, and Phillips 66 announcement regarding their plans to build their headquarters
in West Houston, Apache Corp. recently announced the purchase of 6.4 acres of Wulfe & Co.’s
BLVD Place mixed-use development in the Galleria area.
Multi-tenant office developments recently announced include Energy Crossing II, a 245,000 SF
Lincoln Property Co. development in West Houston which Atwood Oceanics preleased 82,000
SF. Other companies that have announced plans for new office developments include Stena
Realty, Trammell Crow, Core Real Estate, Mac Haik, Skanska, and Stream Realty/Wile Interests,
to name a few. A complete list of properties currently under construction can be found on page
7 of this report.
Citywide, overall vacancy levels remained relatively unchanged between quarters, decreasing by
only 10 basis points. The citywide average rental rate rose between quarters from $23.56 per
SF to $23.66 per SF.
The Houston metropolitan area added 88,000 jobs between May 2011 and May 2012, an increase
of 3.4%. Unemployment fell to 6.9% from 8.1% one year ago. Houston area home sales
increased by 23.8% compared to May 2011 sales. With continued expansion in the energy
industry and a strong housing market, Houston’s economy is expected to remain healthy for both
the near and long-term.
MARKET INDICATORS
Q2 2011 Q2 2012
CITYWIDE NET
ABSORPTION (SF) 81k 1.4m
)
CITYWIDE AVERAGE
VACANCY 15.9% 14.5%
CITYWIDE AVERAGE
RENTAL RATE $22.70 $23.66
CLASS A RENTAL RATE
CBD $34.15 $36.80
SUBURBAN $26.63 $27.81
CLASS A VACANCY
CBD 12.5% 10.9%
SUBURBAN 16.2% 12.3%
ABSORPTION, NEW SUPPLY & VACANCY RATES
UNEMPLOYMENT 5/11 5/12
HOUSTON 8.1% 6.9%
TEXAS 7.8% 6.9%
U.S. 8.7% 7.9%
JOB GROWTH
ANNUAL
CHANGE
# OF JOBS
ADDED
HOUSTON 3.4% 88.0k
TEXAS 2.2% 228.5k
U.S. 1.4% 1.8m
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted)
5.0%
7.0%
9.0%
11.0%
13.0%
15.0%
17.0%
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Net Absorption New Supply Vacancy
2. RESEARCH & FORECAST REPORT | Q2 2012 | HOUSTON OFFICE MARKET
$26.00
$28.00
$30.00
$32.00
$34.00
$36.00
$38.00
$40.00
CLASS A OFFICE RENTS
CBD RENTS SUBURBAN RENTS
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
CBD VS. SUBURBAN
CLASS A OFFICE VACANCY
CBD VACANCY SUBURBAN VACANCY
QUOTED GROSS RENTAL RATES FOR TOP PERFORMING OFFICE BUILDINGS
BUILDING NAME ADDRESS SUBMARKET RBA (SF)
YEAR
BUILT
LEASED
AVAIL.
SF
RENT
($/SF)
OWNER
5 Houston Center 1401 McKinney St CBD 600,000 2002 98.0% 71,414 $42.66 Wells Real Estate Funds
1000 Main 1000 Main St CBD 837,161 2003 98.3% 22,420 $42.00 INVESCO
Heritage Plaza 1111 Bagby CBD 1,089,266 1986 96.1% 42,403 $41.94 Brookfield Office Properties
BG Group Place 811 Main CBD 972,474 2011 70.1% 291,079 $41.87 CalPERS/Hines
Wells Fargo Bank Tower 1300 Post Oak Blvd. Galleria 491,254 1983 94.1% 33,136 $40.15 TIAA-CREF
Williams Tower 2800 Post Oak Blvd Galleria 1,476,973 1983 98.5% 72,844 $37.66 Hines Holdings Inc.
9 Greenway Plaza 9 Greenway Greenway 746,824 1978 94.3% 66,522 $31.90 Crescent Real Estate Equities
Enclave Business Park 1200 Enclave Pky Katy Freeway 149,683 1999 82.4% 39,094 $35.73 Piedmont Office Realty Trust, Inc.
San Felipe Plaza 5847 San Felipe St San Felipe/Voss 980,472 1984 85.0% 190,625 $37.92 Thomas Properties Group, L.P.
One BriarLake Plaza 2000 W. Sam Houston Westchase 502,410 2000 100.0% 70,668 $41.05 Behringer Harvard Holdings
24 Waterway 24 Waterway Ave. Woodlands 311,938 2009 98.6% 12,250 $36.89 Black Forest Ventures LLC
Note: Avail. SF includes direct and sublet space.
Source: CoStar Property
2COLLIERS INTERNATIONAL | P.
VACANCY & AVAILABILITY
Overall vacancy rates decreased by 10 basis
points to 14.5% from 14.6% on a quarterly
basis. The average suburban vacancy rate
decreased by 20 basis points to 14.5% from
14.7% the previous quarter, while CBD vacancy
increased by 10 basis points to 14.4% from
14.3%. On a year-over-year basis, the city-wide
vacancy rate decreased by 140 basis points to
14.5% from 15.9%. The suburban vacancy rate
decreased by 140 basis points to 14.5% from
15.9%, and the CBD vacancy rate decreased by
160 basis points to 14.4% from 16.0%.
The CBD Class A vacancy rate decreased by 40
basis points to 10.9% from 11.3% between
quarters, while the CBD Class B vacancy rate
increased 170 basis points to 19.2% from
17.5%. The suburban Class A vacancy rate
decreased by 10 basis points to 12.3% from
12.4% between quarters, while the suburban
Class B vacancy rate decreased to 16.9% from
17.3%.
Citywide, a total of 37 office properties have a
minimum of 100,000 SF available for
occupancy within 18 months, including both
direct and sublease space. Only 14 of these
properties have over 200,000 SF available.
Available sublease space totals 1.5 million SF or
0.7% of total inventory, of which 0.9 million SF
is currently vacant.
ABSORPTION & DEMAND
Houston recorded positive net absorption of
1,370,080 SF in the second quarter, pushing the
year-to-date absorption total to 2,444,573 SF.
Contributing to the second quarter’s positive
gain was suburban Class A space with a
positive net absorption of 924,290 SF, followed
by CBD Class A space with positive net
absorption of 85,266 SF. Some of the larger
tenants that moved into their space or expanded
into additional space during the second quarter
included Apache Corporation with 65,000
SF, Dynegy Inc. with 62,261 SF, WorleyParsons
with 50,716 SF Rockwater Energy Solutions
with 44,666 SF, National Oilwell Varco with
42,296 SF, and BP 40,537 SF.
RENTAL RATES
The average citywide rental rate rose between
quarters to $23.66 from $23.56 per square
foot. The CBD Class A average quoted rental
rate increased to $36.80 from $36.42 per
square foot, while the suburban Class A
average quoted rental rate decreased to $27.81
from $28.86 per square foot.
The CBD Class B average quoted rental rate
decreased slightly to $23.61 from $23.81 per
square foot, while the suburban Class B
average quoted rental rate decreased to $18.54
from $19.05 per square foot between quarters.
On a year-over-year basis the citywide average
quoted rental rate increased by 4.2% to $23.66
from $22.70 per square foot.
3. RESEARCH & FORECAST REPORT | Q2 2012 | HOUSTON OFFICE MARKET
Q2 2012 SIGNIFICANT SALES TRANSACTIONS
BUILDING NAME SUBMARKET
RBA
(SF)
YEAR
BUILT
BUYER SELLER
SALE
PRICE
$/SF CLOSED
Waterway Plaza I & II Woodlands 366,043 2000 The Lionstone Group Daymark Realty Advisors $83M $227 6/2012
The Reserve at Sierra
Pines
Woodlands 175,035 2009
Capital Lease Funding,
Inc.
Stream Realty Partners,
LP
$40.5M $231 6/2012
Memorial 6 Center Katy Freeway 156,703 1985 JP Realty Partners Ltd Aque Investment Group $10.5M $67 4/2012
3COLLIERS INTERNATIONAL | P.
SALES ACTIVITY
Houston’s office investment sales activity decreased between quarters with 15 properties changing hands, compared to 21 in the
previous quarter. According to CoStar Comps, Houston office sales transactions had a total dollar volume of $170.8 million, averaging
$139/SF with a 6.4% capitalization rate.
Some of the more significant transactions that closed during the second quarter are listed below.
LEASING ACTIVITY
Houston’s office leasing activity reached 2.8 million SF in the second quarter, pushing the year-to-date total to over 7.2 million SF.
Below is a list of the significant 2Q 2012 lease transactions.
1
Renewal
2
Expansion
3
Sublease
BUILDING NAME/ADDRESS SUBMARKET SF TENANT LEASE DATE
MetroNational MemCity 4 Katy Freeway 200,000 Murphy Oil Jun-12
Reserve at Park Ten Katy Freeway 130,282 WorleyParsons Apr-12
1600 Smith CBD 140,475 Chevron U.S.A. Inc.1
May-12
Heritage Plaza CBD 108,565 Rosetta Resources Operating LP May-12
America Tower Midtown 90,000 UHY Advisors Apr-12
Ashford 7 Katy Freeway 83,960 Sasol North America1, 2
Apr-12
Ashford 7 Katy Freeway 83,692 Mustang Engineering Apr-12
Wells Fargo Plaza CBD 78,000 Halcon Resources2
Jun-12
Braeswood Tower II Bellaire 73,196 Empyrean Benefits Apr-12
5444 Westheimer Galleria/West Loop 58,011 AECOM Technology May-12
3100 Hayes Rd Westchase 55,000 Affiliated Computer Service, Inc.1
Apr-12
Wells Fargo Plaza CBD 52,238 Cathexis2
Jun-12
Phoenix Tower Greenway Plaza 50,716 WorleyParsons Apr-12
1800 West Loop Galleria/West Loop 48,000 Health Care Services Corp Apr-12
9801 Westheimer Westchase 42,296 National Oilwell Varco Apr-12
5 Houston Center CBD 30,000 Crain, Caton & James1
Apr-12
5 Houston Center CBD 27,000 Bank of Texas1, 2
Apr-12
11811 North Freeway North Belt/Greenspoint 25,506 First Financial Group of America Apr-12
1550 LaConcha S Main/Medical Center 25,225 Southwest Key Program May-12
Comerica Bank Building E Fort Bend/Sugar Land 21,000 Amerex Brokers LLC1
May-12
1001 McKinney CBD 20,001 McGlinchey Stafford PLLC1
Apr-12
Q2 2012 SIGNIFICANT LEASE TRANSACTIONS
7. RESEARCH & FORECAST REPORT | Q2 2012 | HOUSTON OFFICE MARKET
HOUSTON SUBURBAN OFFICE MARKET SUMMARY - CONTINUED
OFFICE DEVELOPMENT PIPELINE
Houston’s construction pipeline continues to expand with 11 projects currently under construction. The table below summarizes buildings
20,000 square feet or greater being built.
SELECT OFFICE BUILDINGS UNDER CONSTRUCTION
BUILDING NAME ADDRESS SUBMARKET SF
PRE-
LEASED DEVELOPER
EST.
DELIVERY
Anadarko Tower 2 1201 Lake Robbins Dr Woodlands 550,000 100.0% Patrinely Group Inc 4/2014
Nexen Building 945 Bunker Hill Katy Freeway 331,513 69.9% MetroNational Corp 8/2012
BBVA Compass/2200 Post Oak 2200 Post Oak Blvd. Galleria/Uptown 306,012 59.3% Redstone and Stream 4/2013
3009 Post Oak Blvd. 3009 Post Oak Blvd. Galleria/Uptown 302,536 0.0%
Skanska Commercial
Development
7/2013
Research Forest Lakeside –
Building 4
2445 Technology Forest Blvd Woodlands 300,000 50.0% Warmack Investments 4/2013
3 Waterway Square Place 3 Waterway Ave. Woodlands 233,844 90.0%
The Woodlands Development
Company, L.P.
6/2013
Sam Houston Crossing II Sam Houston Pky N Northwest Far 159,056 0.0% Duke Realty 5/2013
Mason Creek Office Center Mason Rd & Merchants Way Northwest Outlier 135,330 0.0% Myers, Crow & Saviers 4/2013
CityCentre Three 842 W Sam Houston Pky N Katy Freeway 120,211 46.5% Midway Companies 9/2012
Halliburton North Belt Campus Milner Road North Belt/Greenspoint 100,000 100.0% - 12/2012
Datavox Technologies 6650 W Sam Houston Pky S Westchase 48,000 100.0% - 9/2012
7COLLIERS INTERNATIONAL | P.
HOUSTON OFFICE SUBMARKET MAP
Vacancy Rental Rate
Class # of Bldgs. Total (SF) (SF) Rate (%) (SF) Rate (%) Total (SF) Q2-2012 Q1-2012 Q2-2012 YTD-2012 AVG ($/SF)
West Loop/Galleria
A 35 14,695,652 1,432,476 9.7% 57,503 0.4% 1,489,979 10.1% 10.7% 100,163 120,948 $30.27
B 59 7,362,538 1,241,637 16.9% 8,798 0.1% 1,250,435 17.0% 18.8% 137,194 148,113 $22.61
C 3 147,042 433 0.3% 0 0.0% 433 0.3% 0.0% -433 -433 $18.42
Total 97 22,205,232 2,674,546 12.0% 66,301 0.3% 2,740,847 12.3% 13.2% 236,924 268,628 $26.97
Westchase
A 22 6,787,503 530,558 7.8% 27,479 0.4% 558,037 8.2% 12.2% 334,070 338,911 $30.32
B 58 6,104,956 882,224 14.5% 10,025 0.2% 892,249 14.6% 16.3% 51,235 58,053 $18.18
C 7 339,118 66,716 19.7% 0 0.0% 66,716 19.7% 18.3% -4,492 -4,492 $15.03
Total 87 13,231,577 1,479,498 11.2% 37,504 0.3% 1,517,002 11.5% 14.3% 380,813 392,472 $24.17
The Woodlands
A 16 3,198,900 69,405 2.2% 13,993 0.4% 83,398 2.6% 2.9% 9,322 46,136 $33.99
B 66 3,456,773 404,833 11.7% 23,090 0.7% 427,923 12.4% 12.7% 12,006 153,970 $20.69
C 5 341,192 0 0.0% 0 0.0% 0 0.0% 0.0% 0 918 -
Total 87 6,996,865 474,238 6.8% 37,083 0.5% 511,321 7.3% 7.6% 21,328 201,024 $24.03
Inventory Direct Vacancy Sublease Vacancy Vacancy Rate (%) Net Absorption (SF)
8. RESEARCH & FORECAST REPORT | Q2 2012 | HOUSTON OFFICE MARKET
Colliers International Statistics
Revenues: $1.8 billion
Countries: 62
Offices: 522
Professionals & Staff: 12,300
Brokers: 4,800
Square Feet Managed: 1.25 billion*
Lease/Sale Transactions: 76,000
Total Transaction Value: $68 billion
(Based on 2011 results.)
*The combination of Colliers International and FirstService results in 2.5
billion under management (2nd largest in the world).
Accelerating success.
COLLIERS INTERNATIONAL | HOUSTON
1300 Post Oak Boulevard
Suite 200
Houston, Texas 77056
Main +1 713 222 2111
8COLLIERS INTERNATIONAL | P.
Lisa R. Bridges
Director of Market Research Houston
Direct +1 713 830 2125
Fax +1 713 830 2118
lisa.bridges@colliers.com