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Commercial Property, Management and Brokerage News to Know.
Belvoir keeps you informed on commercial real estate brokerage and industry news through blog posts and links to updates with our company. Stay up to date with the latest information so you can keep going places.
What’s Next for Houston’s Commercial Real Estate Landscape?
Houston’s economy has historically been strongly tied to the state of oil prices, and commercial real estate was certainly affected by the 2014 downturn, yet its overall breadth and increasing diversity have kept the city resilient. The Houston metro area ranks #2 on Site Selection magazine’ list of the top U.S. metropolitan areas for new and expanded corporate facilities. Bob Harvey, president and CEO of the Greater Houston Partnership, noted that Houston’s diversity and skilled talent base, "coupled with a low-cost of doing business, offer...
From Bayou City to “Smart City”
Houston enters into partnership with Microsoft On Friday May 4, Mayor Sylvester Turner announced that the city of Houston has entered into an Internet of Things alliance with Microsoft. In addition to providing education to promote technology, the alliance should help elevate the city as a prime location for businesses focused on innovation and technology. “Houston is rapidly developing the technology innovation field as its next big industry,” the Mayor noted in a City of Houston press release. “Now you know what I meant when I said in my...
Investors Flock to Houston
City Ranks 4th in Nation for CRE Investors America’s 4th largest city by population is also the 4th most popular city for commercial real estate investors, according to CBRE’s 2018 Americas Investor Intentions Survey. With industrial assets winning favoritism from at least half of investors nationwide, it’s no wonder that the Houston industrial sector has seen explosive growth in recent months. CBRE Senior Vice President Tom Lynch commented saying, “The Houston industrial market is unique due to the different drivers, population growth,...
Portfolio Agility Keeps Your Business Going Places
A recent CBRE report cited portfolio agility—or the ability to rapidly adapt, scale and reposition assets to support shifting enterprise needs—as being the most important type of reactive adaptation for business success. Whether a small business or a large corporate company, “in-house real estate teams tend to be lean and 69 percent leverage third-party partners to outsource certain real estate functions, such as brokerage, project management, facilities management, transaction management and lease administration.” This allows internal teams...
Trump Tax Bill & Commercial Real Estate Investing | Pass-Throughs, 1031 Exchanges
In the wake of the tax bill passed on December 22, the commercial real estate industry has come out ahead in terms of benefitting from new changes. The National Association of Realtors (NAR) cited sections dealing with like-kind exchanges, carried interest, cost recovery, qualified private activity bonds and the low-income housing tax credit as “major [victories] for real estate stakeholders.” While there are multiple possible benefits for commercial property owners and investors, the biggest gains will come from increased deductions for...
Houston Out of the Running for Amazon HQ2 | Austin & Dallas Keep Texas’ Dream Alive
News broke this week that Amazon had released a shortlist of cities under consideration for their highly anticipated HQ2. After an outrageous bidding war which included proposals from 238 North American cities, the tech giant has narrowed the list of potential cities down to 20—and it doesn’t include Houston. While this is a huge let down for the Greater Houston Partnership which lobbied hard for H-Town, many are hopeful that Houston may still get a piece of the pie if Amazon settles in another Texas city. Despite Houston’s well-known energy...
Projected Commercial Real Estate Trends for 2018
Despite fears of a looming office market bubble and general urban migration, the commercial real estate outlook is bright moving into the new year. Q4 momentum will likely carry over to Q1, with the exception of multifamily and industrial submarkets which may see a slight decline of 5-10%. The National Association of Realtors attributes this potential slow down to “a mismatch between the worldviews of buyers and sellers.” However, industry experts seem to agree that “growth trends and an economic tailwind suggest an expansion of the current...
Rising Oil Prices Increase Demand for Energy Office Space, Correspond with Industrial Boom
As oil prices approach $62.oo/barrel, experts predict an eventual rebound for Houston’s office markets. This optimism is tempered by a report from JLL, which warns that “a record overhang of sublease space coupled with permanently changed capital expenditures and space requirements means despite the optimism, recovery for energy-related markets is still a long way off.” Biznow’s analysis cites that Houston has “experienced declining energy occupancy over the last year, the result of companies rightsizing and streamlining operations to reduce...
Houston Commercial Properties Escape Harvey
Despite more than 50” of rain across Houston and surrounding areas, after the storm, the majority of Houston’s commercial business properties seemed to have escaped damage. According to an article released September 14th, “CBRE Research estimates that of the city’s 1,200-building, 214 million-sq.-ft. total inventory, fewer than 40 buildings totaling approximately 9 million sq. ft. had some level of damage.” These are not bad odds at all considering that some areas of Houston saw up to a third of residential properties sustain water damage....
After the Storm – Assessing the Impact of Harvey on Houston Commercial Real Estate
A Message from Managing Director Matthew Goldsby In late August, Hurricane Harvey inflicted unprecedented damage to Houston and southeast Texas, unleashing nearly 25 trillion gallons of water on our state as well as Louisiana. Harvey set a record for rainfall from a single event in the continental U.S. As this graphic from The Washington Post illustrates, that’s equivalent to a cube measuring over five and a half square miles and nearly three miles high. While the full extent may not be known for weeks, an initial assessment by CoStar Group...
