Colliers International | Houston

Our last report on this topic was July 2021, when we experienced a huge surge in construction costs and delays.

Key Takeaways Vacancy continues to decreasePositive absorption recordedRental rates increased 2.0% annually2022 leasing activity up 24% annually Houston Highlights Houston's vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as...

Key Takeaways Occupancy remained at 91.4%Absorption increased 72% 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 increased...

"Capital flows are still robust for industrial assets despite some near-term headwinds as the sector continues to show strength on the user (leasing) demand side and reasonable new construction pipelines.

"The office market, more than any other sector, is still dealing with occupiers grappling with long-term adjustments brought on by work-from-home shifts in the workforce and short-term concerns over the direction of the economy.

The first quarter in the Austin industrial market continued what were well-established trends at the end of 2021.

Activity has picked up tremendously over the past quarter, with a continued emphasis on newer product in the city core.

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.