Houston's office market saw strong leasing activity in Q3 2012, with 2.6 million SF leased. The strong job growth of 89,500 jobs in Houston over the past year has boosted demand for office space. Vacancy rates fell to 14.2% as net absorption was positive 767,000 SF. Rents increased slightly to $23.61/SF on average across the city. With continued energy industry expansion and job growth, Houston's office market is expected to remain healthy.
At March's Member Meeting, Dwight Bassett, Economic Development Officer for the Town of Chapel Hill, spoke about current issues that face all of us as residents, Brokers, consumers, and businesses.
Austin’s office market continues to deliver as
we hit the midyear mark
Boots On The Ground Commentary by David Bremer
Our “Boots on the Ground” view point is the voice of our experts, who
have broken down the market data and compared it to what they are
seeing for themselves. This is their take on what the numbers actually
mean for the Austin office market.
There are two mistruths I’ve heard perpetuated by the real estate
community, including myself once or twice, over the past year: (1)
This occupancy and these rates can’t last forever, and (2) MoPac
construction should be done soon.
The Austin office market rebounded sharply in the 2nd quarter,
with extremely high Net Absorption of almost 600,000 RSF.
Vacancy remained relatively flat, however rates continue to trend
higher.
http://bit.ly/Q2_2017_Austin_Office_Page
The Art of the Lightning Talk was originally presented as a "Ninja Talk" at the LavaCon Conference on Content Strategies and Digital Media. Video of David Caruso presenting this "Ninja Talk" http://www.youtube.com/watch?v=c2yBJ9FAqMM
Avoid Social Media and Electronic MeltdownsRoger Renteria
Learn how to avoid social media and electronic meltdowns. This lightning talk was originally presented at the 10th Anniversary of LavaCon Conference on Content Strategies and Digital Media
This presentation was targeted at federal employees who were experiencing employment changes related to cutbacks. The value of networking and maintaining and nurturing positive relationships is key.
At March's Member Meeting, Dwight Bassett, Economic Development Officer for the Town of Chapel Hill, spoke about current issues that face all of us as residents, Brokers, consumers, and businesses.
Austin’s office market continues to deliver as
we hit the midyear mark
Boots On The Ground Commentary by David Bremer
Our “Boots on the Ground” view point is the voice of our experts, who
have broken down the market data and compared it to what they are
seeing for themselves. This is their take on what the numbers actually
mean for the Austin office market.
There are two mistruths I’ve heard perpetuated by the real estate
community, including myself once or twice, over the past year: (1)
This occupancy and these rates can’t last forever, and (2) MoPac
construction should be done soon.
The Austin office market rebounded sharply in the 2nd quarter,
with extremely high Net Absorption of almost 600,000 RSF.
Vacancy remained relatively flat, however rates continue to trend
higher.
http://bit.ly/Q2_2017_Austin_Office_Page
The Art of the Lightning Talk was originally presented as a "Ninja Talk" at the LavaCon Conference on Content Strategies and Digital Media. Video of David Caruso presenting this "Ninja Talk" http://www.youtube.com/watch?v=c2yBJ9FAqMM
Avoid Social Media and Electronic MeltdownsRoger Renteria
Learn how to avoid social media and electronic meltdowns. This lightning talk was originally presented at the 10th Anniversary of LavaCon Conference on Content Strategies and Digital Media
This presentation was targeted at federal employees who were experiencing employment changes related to cutbacks. The value of networking and maintaining and nurturing positive relationships is key.
Y3 ICT and a Foundation Subject - Lecture 3Miles Berry
Preliminary viewing: Ken Robinson: “Do schools kill creativity”. Available at http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity.html
Focus question: What is creative teaching? How could ICT support this?
Lecture: The art of teaching. Teaching as craft. Working with digital media. Fostering an atmosphere of creativity. ICT and a creative curriculum.
Task: Preparatory work for your foundation subject teaching resource. Development of technical skills.
Supercharching Fundraisers with Social MediaSignUp.com
Using Social Media to boost participation and profits in your event fundraisers. Best practices for using Facebook, Twitter, Pinterest, YouTube, Instagram and more to boost participation and profits at school carnivals, community and church festivals, charity auctions, races, walkathons, bake sales, book fair fundraisers, and more!
Presented by:
Patrick Duffy MCR
President | Houston
Chairman Colliers Retail Specialty Group
Direct +1 713 830 2112 | Mobile +1 727 460 3215
Main +1 713 222 2111 |
HORIZON TOWER
520,094 RSF
17-story medical + biomedical space
13-level parking garage; 2,700 stalls
Under Construction and
On-Schedule for 4Q2023 Delivery
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
Q3 2012 Houston Office Market Report
1. Q3 2012 | OFFICE MARKET
HOUSTON OFFICE MARKET
RESEARCH & FORECAST REPORT
HOUSTON’S HEALTHY ECONOMY BOOSTS OFFICE
LEASING ACTIVITY
Houston’s strong job growth has boosted office leasing in 2012. Third quarter
leasing activity reached 2.6 million SF, 1.5 million SF of which was in Class B
product. The Houston metropolitan area added 89,500 jobs between August
MARKET INDICATORS
2011 and August 2012, an annual increase of 3.5% over the years prior job
Q3 2011 Q3 2012 growth. Further, Houston’s unemployment fell to 7.0% from 8.6% one year
CITYWIDE NET ago which has bolstered annual Houston area home sales by 20.0%.
ABSORPTION (SF) 957K 767K
)
Expansion in the energy industry has driven demand for new office
CITYWIDE AVERAGE development as tenants find it harder to locate blocks of quality office space.
VACANCY 16.0% 14.2% Currently, 4.1 million SF is in the office construction pipeline and 58.0% of the
space is pre-leased. A complete list of properties under construction can be
CITYWIDE AVERAGE
found on page 7 of this report.
RENTAL RATE $22.93 $23.61
Houston’s office market posted 767,000 SF of positive absorption in the third
CLASS A RENTAL RATE quarter, pushing the year-to-date total to 3.2 million SF.
CBD $34.43 $36.85
Houston’s overall vacancy levels fell to 14.2%, an annual decrease of 180 basis
SUBURBAN $27.03 $27.31 points. The city-wide average rental rate increased from $22.93 per SF to
CLASS A VACANCY $23.61 per SF over the year.
CBD 15.1% 10.6%
With continued expansion in the energy industry and a strong housing
SUBURBAN 15.0% 12.0% market, Houston’s economy is expected to remain healthy for both the near
and long-term.
ABSORPTION, NEW SUPPLY & VACANCY RATES
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted) 3,000,000
17.0%
2,500,000
UNEMPLOYMENT 8/11 8/12
2,000,000 15.0%
HOUSTON 8.6% 7.0%
1,500,000 13.0%
TEXAS 8.2% 7.0%
1,000,000
11.0%
U.S. 9.1% 8.2%
500,000
9.0%
0
ANNUAL # OF JOBS
-500,000 7.0%
JOB GROWTH CHANGE ADDED
HOUSTON 3.5% 89.5K -1,000,000 5.0%
TEXAS 2.5% 261K
U.S. 1.4% 1.96M
Net Absorption New Supply Vacancy
www.colliers.com/houston
2. RESEARCH & FORECAST REPORT | Q3 2012 | HOUSTON OFFICE MARKET
VACANCY & AVAILABILITY ABSORPTION & DEMAND
CBD VS. SUBURBAN Houston’s average vacancy rate and the Houston recorded positive net absorption of
average suburban vacancy rate both decreased 767,000 SF in the third quarter, pushing the
CLASS A OFFICE VACANCY
by 30 basis points to 14.2% from 14.5% on a year-to-date absorption total to 3,211,000 SF.
20.0% quarterly basis. The average CBD vacancy rate Contributing to the third quarter’s positive gain
18.0% decreased by 50 basis points to 13.9% from was CBD Class A space with a positive net
16.0% 14.4% between quarters. On a year-over-year absorption of 292,000 SF, followed by
14.0% basis, the city-wide vacancy rate decreased by suburban Class A space with positive net
12.0% 180 basis points to 14.2% from 16.0%. The absorption of 281,000 SF. Some of the larger
10.0% average suburban vacancy rate decreased by tenants that moved into their space or expanded
8.0% 140 basis points to 14.2% from 15.6%, and the into additional space during the third quarter
6.0% average CBD vacancy rate decreased by 370 included Shell Oil relocating to 331,000 SF in
4.0% basis points to 13.9% from 17.6%. 1000 Main from 250,000 SF in 2 Houston
The CBD Class A vacancy rate decreased by 30 Center, Rosetta Resources relocating to
basis points to 10.6% from 10.9% between 109,000 in Heritage Plaza from 70,000 SF in
quarters, while the CBD Class B vacancy rate 717 Texas, and WorleyParsons moved into
CBD VACANCY SUBURBAN VACANCY
decreased 120 basis points to 18.0% from 130,000 SF in the Reserve at Park Ten.
19.2%. The suburban Class A vacancy rate
RENTAL RATES
decreased by 30 basis points to 12.0% from
The average citywide rental rate remained
12.3% between quarters, while the suburban
CLASS A OFFICE RENTS relatively flat between quarters decreasing to
Class B vacancy rate decreased to 16.5% from
$40.00 $23.61 from $23.66 per square foot. The CBD
16.9%.
$38.00 Class A average quoted rental rate increased to
Of the 1,709 buildings in the Houston office $36.85 from $36.80 per square foot, while the
$36.00 market, only 39 have 100,000 SF of contiguous suburban Class A average quoted rental rate
$34.00 space available for lease or sublease. decreased to $27.31 from $27.81 per square
$32.00
Further, only 12 have 200,000 SF contiguous foot.
available
$30.00 The CBD Class B average quoted rental rate
Available sublease space totals 3.2 million SF or increased to $24.00 from $23.61 per square
$28.00
1.7% of total inventory, of which 1.1 million SF is foot, while the suburban Class B average quoted
$26.00 currently vacant. rental rate increased to $18.74 from $18.54 per
square foot between quarters.
CBD RENTS SUBURBAN RENTS
QUOTED GROSS RENTAL RATES FOR TOP PERFORMING OFFICE BUILDINGS
YEAR AVAIL. RENT
BUILDING NAME ADDRESS SUBMARKET RBA (SF) LEASED OWNER
BUILT SF ($/SF)
5 Houston Center 1401 McKinney St CBD 600,000 2002 99.0% 61,071 $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 98.4% 45,007 $41.94 Brookfield Office Properties
BG Group Place 811 Main CBD 972,474 2011 77.2% 221,440 $41.87 CalPERS/Hines
Wells Fargo Bank Tower 1300 Post Oak Blvd. Galleria 491,254 1983 98.1% 13,784 $40.15 TIAA-CREF
Williams Tower 2800 Post Oak Blvd Galleria 1,476,973 1983 98.5% 31,133 $37.66 Hines REIT
9 Greenway Plaza 9 Greenway Greenway 746,824 1978 94.4% 66,017 $32.90 Crescent Real Estate Equities
Two Eldridge Place 757 N Eldridge Pky Katy Freeway 280,322 1986 98.3% 11,882 $34.45 Behringer Harvard REIT I, Inc.
San
San Felipe Plaza 5847 San Felipe St 980,472 1984 80.8% 199,272 $37.42 Thomas Properties Group, L.P.
Felipe/Voss
2000 W. Sam
One BriarLake Plaza Westchase 502,410 2000 100.0% 22,905 $44.55 Behringer Harvard Holdings
Houston
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
COLLIERS INTERNATIONAL | P. 2
3. RESEARCH & FORECAST REPORT | Q3 2012 | HOUSTON OFFICE MARKET
SALES ACTIVITY
Houston’s office investment sales activity increased between quarters with 21 properties changing hands, compared to 15 in the
previous quarter. According to CoStar Comps, Houston office sales transactions had a total dollar volume of $1.2 billion, averaging
$228 per square foot.
Some of the more significant transactions that closed during the third quarter are listed below.
Q3 2012 SIGNIFICANT SALES TRANSACTIONS – (20,000 SF or greater)
YEAR SALE CAP
BUILDING NAME SUBMARKET RBA (SF) BUYER SELLER $/SF CLOSED
BUILT PRICE RATE
One & Two Shell
CBD 1,795,883 1970 Enterprise Products Hines Interests $550M $306 6.50% 8/2012
Plaza
Ashford Office Park Beacon Investment
Katy Freeway 566,308 1981 Falcon Southwest $81M $144 8.16% 8/2012
(3-bldg portfolio) Properties
Kirkwood Tower Katy Freeway 285,682 1984 Frontier Equity Equastone $32M $112 6.25% 7/2012
LEASING ACTIVITY
Houston’s office leasing activity reached 2.6 million SF in the third quarter, pushing the year-to-date total to over 9.75 million SF.
Below is a list of the significant 3Q 2012 lease transactions.
Q3 2012 SIGNIFICANT LEASE TRANSACTIONS
BUILDING NAME/ADDRESS SUBMARKET SF TENANT LEASE DATE
Westgate 2 & 3 Katy Freeway 340,000 Wood Group Mustang Aug-12
Westgate 1 Katy Freeway 100,000 Subsea 7 Inc Aug-12
Chase Tower CBD 58,944 Linn Energy2 Aug-12
1
Galleria Plaza I Galleria/West Loop 46,416 Just Energy TX, L.P. Aug-12
1,2
Halbouty Center Galleria/West Loop 30,907 Envoy Mortgage Jul-12
Heritage Plaza CBD 25,389 Tudor, Pickering & Holt1 Aug-12
2
Chase Tower CBD 22,561 Breitburn Energy Partners Aug-12
1,2
333 Northbelt North Belt/Greenspoint 22,518 Holloman Corporation Jul-12
1
Chase Tower CBD 21,900 Indigo Minerals Aug-12
Chase Tower CBD 21,900 M2 Midstream 1 Aug-12
5543 Westheimer Galleria/West Loop 19,870 Ruth's Chris Jul-12
1
Kirkwood Atrium Katy Freeway 19,675 Paychex Aug-12
Williams Tower Galleria/West Loop 17,057 Nathan Sommers Jacobs1 Aug-12
Park Ten Plaza Katy Freeway 16,634 MCS Kenny Aug-12
1
712 Main CBD 11,000 Chicago Title Aug-12
1,2
2100 West Loop South Galleria/West Loop 10,536 Platinum Energy Solutions, Inc. Sep-12
Space Park Office Bldg NASA/Clear Lake 10,032 Nassau Engineering Co. Aug-12
Marathon Oil Tower Galleria/West Loop 10,000 Texas Dow Employees Credit Jul-12
Granite Westchase I Westchase 9,779 Arup Texas Inc. Jul-12
Chase Tower CBD 9091 Angola LNG Supply Services LLC1 Aug-12
1
Renewal
2
Expansion
3
Sublease
COLLIERS INTERNATIONAL | P. 3
7. RESEARCH & FORECAST REPORT | Q3 2012 | HOUSTON OFFICE MARKET
HOUSTON SUBURBAN OFFICE MARKET SUMMARY - CONTINUED
Inventory Direct Vacancy Sublease Vacancy Vacancy Vacancy Rate (%) Net Absorption (SF) Rental Rate
Class # of Bldgs. Total (SF) (SF) Rate (%) (SF) Rate (%) Total (SF) Q3-2012 Q2-2012 Q3-2012 YTD-2012 AVG ($/SF)
West Loop/Galleria
A 35 14,696,357 1,419,599 9.7% 46,593 0.3% 1,466,192 10.0% 10.7% 25,200 146,148 $30.13
B 58 7,268,372 1,221,851 16.8% 5,721 0.1% 1,227,572 16.9% 18.8% -60,407 87,706 $23.47
C 3 147,042 433 0.3% 0 0.0% 433 0.3% 0.0% 0 -433 $18.79
Total 96 22,111,771 2,641,883 11.9% 52,314 0.2% 2,694,197 12.2% 13.2% -35,207 233,421 $27.25
Westchase
A 22 6,791,438 458,998 6.8% 73,347 1.1% 532,345 7.8% 12.2% 44,542 383,453 $29.98
B 59 6,168,349 842,554 13.7% 7,134 0.1% 849,688 13.8% 16.3% 60,397 118,450 $18.50
C 6 281,047 74,615 26.5% 0 0.0% 74,615 26.5% 18.3% -25,735 -30,227 $18.32
Total 87 13,240,834 1,376,167 10.4% 80,481 0.6% 1,456,648 11.0% 14.3% 79,204 471,676 $24.77
The Woodlands
A 16 3,198,900 56,519 1.8% 11,440 0.4% 67,959 2.1% 2.9% 15,539 61,675 $34.82
B 66 3,456,773 348,441 10.1% 21,078 0.6% 369,519 10.7% 12.7% 62,728 216,698 $21.19
C 5 341,192 0 0.0% 0 0.0% 0 0.0% 0.0% 0 918 -
Total 87 6,996,865 404,960 5.8% 32,518 0.5% 437,478 6.3% 7.6% 78,267 279,291 $24.63
OFFICE DEVELOPMENT PIPELINE
Houston’s construction pipeline continues to expand with 4.1 million square feet currently under construction. The table below includes buildings
50,000 square feet or larger.
PRE- EST.
BUILDING NAME ADDRESS SUBMARKET SF DEVELOPER
LEASED DELIVERY
Anadarko Tower 2 1201 Lake Robbins Dr Woodlands 550,000 100.0% Patrinely Group Inc 4/2014
Energy Tower III 11740 Katy Freeway Katy Freeway 428,831 0.0% Mac Haik Realty LLC 1/2014
Nexen Building 945 Bunker Hill Katy Freeway 331,513 72.9% MetroNational Corp 10/2012
Murphy Exploration 9805 Katy Freeway Katy Freeway 320,000 54.1% MetroNational Corp 10/2013
BBVA Compass/2200 Post Oak 2200 Post Oak Blvd Galleria/Uptown 306,012 59.3% Redstone and Stream 4/2013
Skanska Commercial
3009 Post Oak Blvd. 3009 Post Oak Blvd Galleria/Uptown 302,536 0.0% 7/2013
Development
Research Forest Lakeside –
2445 Technology Forest Blvd Woodlands 300,000 50.0% Warmack Investments 4/2013
Building 4
Granite Briarpark Green 3151 Briarpark Dr Westchase 299,664 2.1% Granite Properties 7/2013
The Woodlands Development
3 Waterway Square Place 3 Waterway Ave. Woodlands 233,844 90.0% 6/2013
Company, L.P.
8 West Centre 3505 W Sam Houston Pky N Katy Freeway 228,000 0.0% CORE Parkway Central, Ltd 7/2013
17320 Katy Freeway 17320 Katy Freeway Katy Freeway 182,000 1.1% Transwestern 12/2013
Sam Houston Crossing II 10344 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 6/2013
CityCentre Four 840 W Sam Houston Pky N Katy Freeway 120,052 52.8% Midway Companies 6/2013
Halliburton North Belt Campus Milner Road North Belt/Greenspoint 100,000 100.0% - 12/2012
COLLIERS INTERNATIONAL | P. 7
8. RESEARCH & FORECAST REPORT | Q3 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).
Lisa R. Bridges
Director of Market Research Houston
Direct +1 713 830 2125
Fax +1 713 830 2118
lisa.bridges@colliers.com
COLLIERS INTERNATIONAL | HOUSTON
1300 Post Oak Boulevard
Suite 200
Houston, Texas 77056
Main +1 713 222 2111
Accelerating success.
COLLIERS INTERNATIONAL | P. 8