Colliers International | Houston

Key Takeaways Occupancy remained at 91.5%Absorption dropped by more than half over the quarterAverage rents rose over the year and over the quarterThe quarterly median sales price and cap rates dropped Houston Highlights Demand for multifamily housing...

"Despite combatting mandates, labor shortages and now rising food costs, national restaurant concepts are still pushing to expand their presence in Texas." Wade H Greene IV, CCIM | Principal |Director of Retail Services | Houston Key Takeaways Vacancy...

"We expect user demand in SE Texas to remain very strong in the industrial market as re-shoring and supply chain adjustments accelerate.

"Tenants and landlords are struggling with an environment where construction is much more complicated than it was previously. Both pricing and timing are harder to forecast.

Key Takeaways Vacancy decreased annually and quarterlyYear-end absorption is positiveConstruction and deliveries are up year over yearRental rates rose quarterly and annually   Houston Highlights Houston's medical office building (MOB) market posted.

Key Takeaways Occupancy up quarter over quarter and annuallyAbsorption more than doubled in 2021 when compared to 2020Average rents rose over the year and over the quarterMedian and average sales price rose and cap rates compressed Houston Highlights...

It's a weird market. The majority of office buildings throughout the city still feel relatively under occupied (sub 40% in the suburbs and sub 25% in the CBD), yet leasing activity is robust.

The last three quarters of 2021 brought a flurry of leasing and sales activity, resulting in Houston finishing the year as the nation's hottest retail market.

Despite adding approximately 25 million square feet of new industrial space in 2021, the market took it in stride and managed to absorb a record 28.5 million feet and drive the vacancy rate down to 7.1%.

Q4 2021 | Houston Office Commercial Real Estate Research & Forecast Report