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March 10, 2022

High Oil Prices Are Cause For Celebration In Texas, But It Could Be Months Before Big Money Flows To CRE

Learn about Autry Park, a 14-acre mixed-use development at Allen Parkway and South Shepherd March 24

In a widely anticipated move, the U.S. moved to ban imported Russian oil Tuesday as part of an effort to further squeeze the country's economy amid its invasion of Ukraine. But energy experts are skeptical the sanctions, coming amid already-soaring prices at the pump, will lead to boom times ahead for commercial real estate, at least in the foreseeable future.

High Oil Prices Are Cause For Celebration In Texas, But It Could Be Months Before Big Money Flows To CRE

"We're probably not going to see headlines saying, 'Drill baby, drill.' We're probably not going to go back to the heyday of 2014 or anything like that. The office vacancy rate in Houston is going to remain high," said Jesse Thompson, senior business economist with the Houston branch of the…

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Walmart To Add 1M SF To Large Baytown Distribution Center

Walmart To Add 1M SF To Large Baytown Distribution Center

Walmart will expand its Baytown campus with a 1M SF distribution center, in another move toward addressing persistent supply chain issues. The facility at 4633 Borusan Road will open in fall 2022, and it will…

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Houston Records A Fraction Of Last Year's Office Space Under Construction As Overall Industry Remains Stagnant

A monthly measure of Houston's office market is touting cautious optimism conditions are improving, despite a rise in vacancy over this time last year and more companies expected to clear out of offices soon.

Houston Records A Fraction Of Last Year's Office Space Under Construction As Overall Industry Remains Stagnant

NAI Partners latest market outlook shows overall vacancy in the metro is at 24.9%, up 110 basis points from this time last year. Availability is even higher at 29%, an additional 50 basis points over February 2021, reflecting future expected corporate move-outs, while leasing activity is also down. According to the report,…

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Two Years After The Pandemic, Much Has Changed. CRE Is Just Fine With That

Two Years After The Pandemic, Much Has Changed. CRE Is Just Fine With That  

The coronavirus pandemic took commercial real estate into uncharted waters, with the industry dreading a replay of the global financial panic — or worse.

That downturn never came to pass, and two years later, many in the commercial real estate industry are thriving. 

"If a brokerage isn't doing better today than before Covid, I really don't know what to say," Thad Wong, co-founder of residential brokerage firm @properties, told Bisnow. "If you're not in better shape today than before the pandemic, you shouldn't be in business."

Many investors and operators flourished throughout the pandemic, breathing sighs of relief that the health crisis did not have the impact many feared.  "Commercial real estate has proven strong overall, with investors and users all very active, and the challenge has been finding real estate to sell," Vantage Commercial President and…

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