NAI drops 400K SF of sublease space on Houston's marketNAI drops 400K SF of sublease space on Houston's markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=150192016-10-28T05:00:00Z2016-10-28T18:35:00Z

​​HOUSTON - While the shorter lunch lines at Treebeard’s downtown reflect less density in office occupancy, NAI Partners executives say they have built the kind of personal relationships with tenants that ensures their strong position in what for some is a tenuous market.

“Our sublease inventory continues to grow, we added 400,000 sf last month for a total of 12.5 million sf,” says Griff Bandy, NAI’s Partner over Office Tenant Representation.

“The inventory of sublease space on the market across Houston has grown now over the past 6-7 quarters in a row. We’re not real sure when we will see that start to turn around and sublease inventory start to decline.”

“I expect the first half of 2017 be a solid bottoming out in the office market with some improvement in the second half of 2017,” says NAI Managing Partner Jon Silberman. 

“Unless the energy biz experiences a significant upswing, I do not expect a rapid recovery in the office market. I think we are in for a two-to four-year slow recovery back to a stabilized office market.”

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Houston-The Woodlands-Sugar Land

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