Houston Office Market - 0 views

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  #1 Atkins Kirkpatrick on 09 Sep 13

   

  The downtown Houston office marketplace is a hot subject these days. Recent months have observed a flurry of activity, whether or not it be leases, move-outs, or acquisitions. Its no secret that the downtown market continues to be plagued by typical vacancies painfully close to 20% and stagnant rents. With the believed that items will improve in the near future, investors have been acquiring properties in earnest. The fourth quarter news was encouraging, notably EPCO, Inc.s acquisition of 1100 Louisiana, a creating in which they have subsequently occupied 300,000 square feet. Also, Wells Actual Estate Funds paid the highest per-square-foot cost in the Houston office markets history ($286 psf) for 5 Houston Center. Rumor has it that ChevronTexaco is interested in getting the remaining vacant former Enron constructing, whilst other energy businesses have begun to reclaim shadow space downtown.
  
  Sadly, the Central Enterprise Districts recovery is something but a slam dunk. Two major tenants, Burlington Resources and Bank 1, are anticipated to vacate CBD space in 2006 following acquisitions by ConocoPhillips and Chase, respectively. Identify further on this affiliated site by clicking like us on facebook. My brother discovered find out more by browsing Bing. In the same building Burlington is anticipated to vacate, Calpine Corp. For supplementary information, please consider checking out: open in a new browser window. reduced the amount of space they lease and subsequently lost naming rights to the former Calpine Center, now identified by its address, 717 Texas.
  
  Inquiries nonetheless remain about when the downtown office marketplace will see a substantial improvement. It did not take place with the current influx of New Orleans office tenants, as some thought it would. However, strong job development has a lot of experts predicting a healthier 2006 for the Houston workplace marketplace general, and with the constructive fourth quarter numbers, it seems the market is moving in the right path.
  
  The workplace industry had a comparatively strong showing in the fourth quarter, absorbing 414,678 square feet (SF), the markets highest quarterly absorption figure given that the third quarter of 2004. Classes A and C reported positive absorption for the quarter, although all classes reported good annual absorption, bringing general annual absorption to 737,259 SF.

   

  <div class="cArrow"> </div><div class="cContentInner">The downtown Houston office marketplace is a hot subject these days. Recent months have observed a flurry of activity, whether or not it be leases, move-outs, or acquisitions. Its no secret that the downtown market continues to be plagued by typical vacancies painfully close to 20% and stagnant rents. With the believed that items will improve in the near future, investors have been acquiring properties in earnest. The fourth quarter news was encouraging, notably EPCO, Inc.s acquisition of 1100 Louisiana, a creating in which they have subsequently occupied 300,000 square feet. Also, Wells Actual Estate Funds paid the highest per-square-foot cost in the Houston office markets history ($286 psf) for 5 Houston Center. Rumor has it that ChevronTexaco is interested in getting the remaining vacant former Enron constructing, whilst other energy businesses have begun to reclaim shadow space downtown. <br /> <br /> Sadly, the Central Enterprise Districts recovery is something but a slam dunk. Two major tenants, Burlington Resources and Bank 1, are anticipated to vacate CBD space in 2006 following acquisitions by ConocoPhillips and Chase, respectively. Identify further on this affiliated site by clicking <a rel="nofollow" href="http://www.mcgrawrealtors.com/">like us on facebook</a>. My brother discovered <a rel="nofollow" href="http://www.mcgrawrealtors.com/">find out more</a> by browsing Bing. In the same building Burlington is anticipated to vacate, Calpine Corp. For supplementary information, please consider checking out: <a rel="nofollow" href="http://www.mcgrawrealtors.com/">open in a new browser window</a>. reduced the amount of space they lease and subsequently lost naming rights to the former Calpine Center, now identified by its address, 717 Texas. <br /> <br /> Inquiries nonetheless remain about when the downtown office marketplace will see a substantial improvement. It did not take place with the current influx of New Orleans office tenants, as some thought it would. However, strong job development has a lot of experts predicting a healthier 2006 for the Houston workplace marketplace general, and with the constructive fourth quarter numbers, it seems the market is moving in the right path. <br /> <br /> The workplace industry had a comparatively strong showing in the fourth quarter, absorbing 414,678 square feet (SF), the markets highest quarterly absorption figure given that the third quarter of 2004. Classes A and C reported positive absorption for the quarter, although all classes reported good annual absorption, bringing general annual absorption to 737,259 SF.</div>

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