{{titleBar.title}}

{{titleBar.tagline}}

 

 

Foreign investors love Houston's welcome matForeign investors love Houston's welcome mathttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=81502013-02-25T08:08:00Z2013-02-21T07:00:00Z

HOUSTON - In January, the Association of Foreign Investors in Real Estate (AFIRE) ranked Houston as the fifth best city in the world for real estate investment. The top four cities, in order of ranking, are New York, London, San Francisco and Washington, D.C.

Last year, the Houston market absorbed 4.4 million sf of office space — the second highest absorption since 2006, when the market absorbed 5.4 million sf.

Houston’s industrial market remains equally strong.

CBRE Research reports the industrial vacancy rate fell from 5.6 percent in Q4 2011 to 5.1 percent in Q4 2012. The market absorbed 6.4 million sf of industrial space, with another 4.9 million sf currently under construction.

And lease rates, at an average of $0.53 per sf per month, are up from $0.52 in Q4 2011 and $0.48 in Q4 2010.

Houston Office Market
Market Overview 2011 2012
Total absorption 2.6M SF 4.4M SF
Vacancy rate 15.5% 13.8%
Rental rates $23.20 $23.97
Class A Rental Rates
CBD $35.29 $37.02
Suburban $27.34 $28.20
Class A Vacancy
CBD 14.3% 9.8%
Suburban 14.1% 11.4%


Read more at the Greater Houston Partnership.

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
Mixed-Use
http://www.houston.org/pdf/research/eag.pdfRead more at {Source}

 Search NewsTalk Texas