market watch houston office - texas a&m university · unique requirements. transwestern has...
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HOUSTON OFFICEAUGUST 2016
RECENT OFFICE LEASES
Katy Freeway West :: Lloyd’s Register86,892 SF renewal at 1330 Enclave Parkway
CBD :: Orrick, Herrington and Sutcliffe56,731 SF prelease at 609 Main at Texas
CBD :: Hogan Lovells43,000 SF prelease at 609 Main at Texas
FM 1960/Hwy 249 :: BB&T - AmRisc37,632 SF renewal at Two Chasewood
RECENT OFFICE SALES FM 1960/Hwy 249 :: 9720 Cypresswood85,290 SF, Class ABuyer: Vista Equities Group, Inc. Seller: Torchlight Loan Services, LLC
OFFICE LEASE STATISTICS
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office Market Indicators - All Space
SUBMARKETTOTAL BLDGS
INVENTORYSF AVAILABLE IMMEDIATELY
DIRECT VACANCY
RATE
OVERALL VACANCY
RATE
SF UNDER CONSTRUCTION
Q2 2016 NET ABSORPTION
ASKING RENTAL RATES (FSG)
CLASS A CLASS B
Downtown (CBD & Midtown) 120 53,679,318 6,597,125 12.3% 14.1% 1,056,658 (120,000) $41.67 $28.26
FM 1960 (FM 1960/I-45 N, FM 1960/Champions & FM 1960/Hwy 249)
78 8,693,286 1,385,045 15.9% 17.6% - 56,000 $27.13 $15.97
Greenspoint/North Belt (North Belt West/Greenspoint & Greenspoint/IAH)
97 13,181,407 3,783,712 28.7% 31.1% - (168,000) $26.99 $14.14
Greenway Plaza 50 11,064,288 1,427,293 12.9% 13.0% 398,696 (77,000) $35.93 $25.61
Gulf Freeway/Pasadena 35 2,699,502 453,516 16.8% 16.8% - 48,000 - $21.67
Katy 44 3,383,389 619,160 18.3% 18.4% - 20,000 $32.67 $24.15
Katy Frwy/Energy Corridor (Katy Freeway East & Katy Freeway West)
207 36,712,469 4,742,006 12.9% 16.5% 655,076 (177,000) $36.54 $22.60
Kingwood/Humble 9 1,025,047 79,954 7.8% 7.8% - 4,000 $32.03 $18.75
NASA/Clear Lake 63 7,051,599 841,961 11.9% 12.2% - 7,000 $24.97 $17.97
Northeast 17 1,711,262 210,485 12.3% 12.3% - 42,000 - $17.36
Northwest (North Loop West, Northwest Near & Northwest Far)
73 8,883,138 1,432,864 16.1% 16.7% - 4,000 $21.83 $17.84
South Main/Medical Center 49 10,469,072 942,216 9.0% 9.1% - 34,000 $29.29 $25.18
Southwest Frwy/Sugar Land (SW/Hillcroft, SW Beltway 8 & E Ft Bend Co/Sugar Land)
123 16,266,671 1,963,286 12.1% 12.4% - 51,000 $25.40 $16.09
West Belt 37 4,902,573 774,607 15.8% 19.1% - 34,000 $32.29 $23.66
West Loop (Bellaire, Post Oak Park, Galleria, Riverway, Richmond/Fountainview & San Felipe/Voss)
174 33,368,145 3,762,440 11.3% 12.0% 1,120,000 (119,000) $36.04 $24.48
Westchase 89 17,467,349 1,746,735 10.0% 12.0% 186,000 1,088,000 $38.37 $21.08
The Woodlands 93 15,588,925 1,558,893 10.0% 11.1% 271,443 17,000 $40.37 $25.09
Conroe 13 903,345 78,591 8.7% 8.7% - 1,000 $29.22 $24.53
Total - Houston 1,371 247,050,785 32,399,889 13.1% 14.7% 3,687,873 745,000 $35.13 $21.53
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office Sales StatisticsHOUSTON MSA UNITED STATES
QUARTER TO DATE
LAST QUARTER (Q2 2016)
TRAILING 12 MONTHS
LAST QUARTER (Q2 2016)
TRAILING 12 MONTHS
Volume ($ Mil)
$47.0 $97.0 $1,649.6 $32,955.0 $141,219.4
No. of Properties
4 12 105 1,153 5,580
Total SF 847,094 698,083 12,344,414 129,026,878 611,311,133
Average Price/SF
N/A $239 $200 $282 $254
Average Cap Rate (Yield)
N/A 8.3% 7.7% 6.6% 6.7%
Source: Real Capital Analytics
MARKET WATCH
Overall Vacancy Rates Asking Rental Rates (FSG)
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
9%
10%
11%
12%
13%
14%
15%
MARKET WATCH HOUSTON OFFICE MARKET AUGUST 2016
HOUSTON OFFICE MARKET WATCHAUGUST 2016
610
45
1010
290
59
90
288
99
249
8
35
6
See Inner Loop
Map
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INNER LOOP
1. CBD2. South Main/Medical Center3. Galleria4. Riverway5. Midtown6. Greenway Plaza7. Post Oak Park8. Bellaire9. North Loop West
SOUTHEAST
1. Gulf Frwy/Pasadena2. NASA/Clear Lake3. Southeast Outlier
NORTHWEST
1. Northwest Near2. Northwest Far3. FM 1960/Hwy 2494. FM 1960/Champions5. Northwest Outlier6. West Belt
NORTH
1. The Woodlands2. FM 1960/ I-45 North3. North Belt West/Greenspoint
WEST
1. San Felipe/Voss2. Richmond/Fountainview3. Westchase4. Katy Freeway East5. Katy Freeway West6. Katy
SOUTHWEST
1. Southwest/Hillcroft2. Southwest Beltway 83. E Fort Bend Co/Sugar Land4. Southwest Outlier
NORTHEAST
1. Northeast Near2. Greenspoint/IAH3. Kingwood/Humble4. Northeast Outlier
Copyright © 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
HOUSTON OFFICE MARKET WATCHAUGUST 2016
HOUSTON CONTACTS
Eric AndersonExecutive Vice President - [email protected]
Doug LittleSenior Managing Director - [email protected]
David BakerExecutive Vice President - [email protected]
Michelle WoganExecutive Vice President - [email protected]
David LeeSenior Vice President - [email protected]
Monte CalvertSenior Vice President - [email protected]
Greg TiltonVice President - [email protected]
Tyler GarrettVice President - [email protected]
Louann PereiraVice President - [email protected]
Justin LeightonExecutive Managing Director - [email protected]
Ken PageManaging Director - [email protected]
Bobbie BozarthSenior Vice President - [email protected]
Margaret Ann Cook Vice President - [email protected]
Michael SnodgrassManaging Director - Structured [email protected]
Jan SparksManaging Director - Structured [email protected]
METHODOLOGY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
T 713.270.7700 F 713.270.6285www.transwestern.net/houston
1900 West Loop South, Suite 1300Houston, Texas 77027
SEATTLE
WALNUT CREEK
LOS ANGELES
SALT LAKECITY
DENVER
MINNEAPOLIS
MILWAUKEE
ST. LOUIS
CHICAGO
DETROIT GREENWICHNEW YORK
NEW JERSEY
BALTIMORENORTHERNVIRGINIA
BETHESDAWASHINGTON DC
DALLASFORTWORTH
HOUSTONAUSTIN
SAN ANTONIO
OKLAHOMACITY
NEW ORLEANS
ATLANTA
FORT LAUDERDALEORLANDO
MIAMI-DADE
SANFRANCISCO
PHOENIXORANGE COUNTY
SAN DIEGO
BOSTON
SILICONVALLEY
TRANSWESTERNLOCATIONS
ABOUT TR ANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate.
Transwestern was founded in Houston, Texas in 1978, and Houston remains the corporate headquarters today. As one of the preeminent commercial real estate firms in Houston, we offer a comprehensive menu of real estate services designed to provide owners, tenants and investors with the optimum solutions for their unique requirements. Transwestern has seasoned veterans in every area of expertise with the integrity, experience and creativity to be the best partner for its clients. Transwestern’s Houston office currently employs over 400 team members and has been an innovator in the Houston market for 38 years.
Kevin RobertsPresident, [email protected]
CONTACT
Rachel AndraeResearch [email protected]
HOUSTON OFFICEMAY 2016
RECENT OFFICE LEASES
Westchase :: Lockton Companies120,000 SF prelease at Lockton Place
Westchase :: Neighbors Health System100,000 SF new lease at 10800 Richmond
Galleria :: Citigroup49,730 SF new lease at Galleria Tower I
RECENT OFFICE SALES Greenspoint/N Belt West :: Greenspoint Park352,125 SF, three building portfolio, Class BBuyer: Lincoln Property Co Seller: NorthStar Realty Finance
FM 1960/Champions :: Northwoods Park104,786 SF, Class BBuyer: Harry N. Shani Seller: BH Properties, LLC
OFFICE LEASE STATISTICS
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office Market Indicators - All Space
SUBMARKETTOTAL BLDGS
INVENTORYSF AVAILABLE IMMEDIATELY
DIRECT VACANCY
RATE
OVERALL VACANCY
RATE
SF UNDER CONSTRUCTION
Q1 2016 NET ABSORPTION
ASKING RENTAL RATES (FSG)
CLASS A CLASS B
Downtown (CBD & Midtown) 120 53,679,318 6,477,048 12.1% 13.8% 1,056,658 149,000 $41.82 $28.59
FM 1960 (FM 1960/I-45 N, FM 1960/Champions & FM 1960/Hwy 249)
77 8,527,532 1,275,646 15.0% 16.6% 165,754 (11,000) $26.92 $15.98
Greenspoint/North Belt (North Belt West/Greenspoint & Greenspoint/IAH)
97 13,181,407 3,616,140 27.4% 30.1% - (34,000) $27.05 $14.31
Greenway Plaza 50 11,064,288 1,349,843 12.2% 12.3% 398,696 121,000 $35.90 $25.83
Gulf Freeway/Pasadena 34 2,597,502 400,015 15.4% 15.4% 102,000 (36,000) - $21.49
Katy 43 3,259,094 514,937 15.8% 15.9% 124,017 3,000 $32.65 $24.28
Katy Frwy/Energy Corridor (Katy Freeway East & Katy Freeway West)
205 36,110,960 3,963,361 11.0% 13.2% 1,179,475 (95,000) $37.00 $22.97
Kingwood/Humble 9 1,025,047 84,054 8.2% 8.2% - 11,000 $32.00 $18.75
NASA/Clear Lake 63 7,051,599 849,013 12.0% 12.4% - 96,000 $25.04 $18.03
Northeast 16 1,665,562 206,530 12.4% 12.4% - 510,000 - $17.46
Northwest (North Loop West, Northwest Near & Northwest Far)
73 8,883,138 1,436,160 16.2% 16.7% - (33,000) $22.37 $17.88
South Main/Medical Center 49 10,469,072 975,718 9.3% 9.3% - (13,000) $29.38 $25.21
Southwest Frwy/Sugar Land (SW/Hillcroft, SW Beltway 8 & E Ft Bend Co/Sugar Land)
123 16,266,671 2,015,539 12.4% 12.7% - 115,000 $25.20 $16.16
West Belt 37 4,902,573 808,925 16.5% 17.8% - - $32.02 $23.89
West Loop (Bellaire, Post Oak Park, Galleria, Riverway, Richmond/Fountainview & San Felipe/Voss)
173 33,203,145 3,478,482 10.5% 11.2% 1,285,000 (134,000) $36.12 $24.40
Westchase 88 16,367,349 1,734,939 10.6% 13.0% 1,100,000 178,000 $38.86 $21.35
The Woodlands 92 15,348,455 1,335,316 8.7% 9.3% 511,913 169,000 $40.80 $25.44
Conroe 13 903,345 79,494 8.8% 8.8% - - $29.40 $24.77
Total - Houston 1,362 244,506,057 30,601,159 12.5% 13.8% 5,923,513 996,000 $35.09 $21.30
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office Sales StatisticsHOUSTON MSA UNITED STATES
QUARTER TO DATE
LAST QUARTER (Q1 2016)
TRAILING 12 MONTHS
LAST QUARTER (Q1 2016)
TRAILING 12 MONTHS
Volume ($ Mil)
$23.5 $240.5 $2,235.4 $30,544.8 $143,049.2
No. of Properties
4 18 129 1,209 5,840
Total SF 183,339 2,122,890 14,629,153 121,838,318 634,349,167
Average Price/SF
N/A $152 $220 $263 $245
Average Cap Rate (Yield)
N/A N/A 7.3% 6.6% 6.7%
Source: Real Capital Analytics
MARKET WATCH
Overall Vacancy Rates Asking Rental Rates (FSG)
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
9%
10%
11%
12%
13%
14%
MARKET WATCH HOUSTON OFFICE MARKET MAY 2016
HOUSTON OFFICE MARKET WATCHMAY 2016
610
45
1010
290
59
90
288
99
249
8
35
6
See Inner Loop
Map
4
3
3
2
2
1
1
1
1
1
1
1
4
5
5
5
6
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9
INNER LOOP
1. CBD2. South Main/Medical Center3. Galleria4. Riverway5. Midtown6. Greenway Plaza7. Post Oak Park8. Bellaire9. North Loop West
SOUTHEAST
1. Gulf Frwy/Pasadena2. NASA/Clear Lake3. Southeast Outlier
NORTHWEST
1. Northwest Near2. Northwest Far3. FM 1960/Hwy 2494. FM 1960/Champions5. Northwest Outlier6. West Belt
NORTH
1. The Woodlands2. FM 1960/ I-45 North3. North Belt West/Greenspoint
WEST
1. San Felipe/Voss2. Richmond/Fountainview3. Westchase4. Katy Freeway East5. Katy Freeway West6. Katy
SOUTHWEST
1. Southwest/Hillcroft2. Southwest Beltway 83. E Fort Bend Co/Sugar Land4. Southwest Outlier
NORTHEAST
1. Northeast Near2. Greenspoint/IAH3. Kingwood/Humble4. Northeast Outlier
Copyright © 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
HOUSTON OFFICE MARKET WATCHMAY 2016
HOUSTON CONTACTS
Eric AndersonExecutive Vice President - [email protected]
Doug LittleSenior Managing Director - [email protected]
David BakerExecutive Vice President - [email protected]
Michelle WoganExecutive Vice President - [email protected]
David LeeSenior Vice President - [email protected]
Paul WittorfSenior Vice President - [email protected]
Monte CalvertSenior Vice President - [email protected]
Greg TiltonVice President - [email protected]
Louann PereiraVice President - [email protected]
Justin LeightonManaging Director - Tenant [email protected]
Ken PageManaging Director - Tenant [email protected]
Bobbie BozarthSenior Vice President - Tenant [email protected]
Margaret Ann Cook Vice President - Tenant [email protected]
Michael SnodgrassManaging Director - Structured [email protected]
Jan SparksManaging Director - Structured [email protected]
METHODOLOGY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
CONTACT
Rachel AlexanderDirector of Market [email protected]
T 713.270.7700 F 713.270.6285www.transwestern.net/houston
1900 West Loop South, Suite 1300Houston, Texas 77027
SEATTLE
WALNUT CREEK
LOS ANGELES
SALT LAKECITY
DENVER
MINNEAPOLIS
MILWAUKEE
ST. LOUIS
CHICAGO
DETROIT GREENWICHNEW YORK
NEW JERSEY
BALTIMORENORTHERNVIRGINIA
BETHESDAWASHINGTON DC
DALLASFORTWORTH
HOUSTONAUSTIN
SAN ANTONIO
OKLAHOMACITY
NEW ORLEANS
ATLANTA
FORT LAUDERDALEORLANDO
MIAMI-DADE
SANFRANCISCO
PHOENIXORANGE COUNTY
SAN DIEGO
BOSTON
SILICONVALLEY
TRANSWESTERNLOCATIONS
ABOUT TR ANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate.
Transwestern was founded in Houston, Texas in 1978, and Houston remains the corporate headquarters today. As one of the preeminent commercial real estate firms in Houston, we offer a comprehensive menu of real estate services designed to provide owners, tenants and investors with the optimum solutions for their unique requirements. Transwestern has seasoned veterans in every area of expertise with the integrity, experience and creativity to be the best partner for its clients. Transwestern’s Houston office currently employs over 400 team members and has been an innovator in the Houston market for 38 years.
Kevin RobertsPresident, [email protected]
HOUSTON OfficeDecember 2015
Recent office leases
Galleria :: Apache524,000 SF lease extension through 12/2019 at Post Oak Central
CBD :: Bracewell & Giuliani189,061 SF renewal at Pennzoil Place
Katy Freeway West :: G&A Partners 30,065 SF new lease at Westgate I
Recent office sales
Katy Freeway West :: Energy Center Three549,000 SF, Class ABuyer: ConocoPhillipsSeller: Trammell Crow Co & Principal Real Estate Investors joint venture
Galleria :: 2200 Post Oak 326,200 SF, Class ABuyer: Corporación MasaveuSeller: Stream, TRC Capital Partners & L&B Realty Advisors joint venture
OFFICE LEASE STATISTICS
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office market indicators - All Space
SubmArkETTOTAL bLdgS
INVENTOrYSF AVAILAbLE ImmEdIATELY
dIrECT VACANCY
rATE
OVErALL VACANCY
rATE
SF uNdEr CONSTruCTION
q3 2015 NET AbSOrpTION
ASkINg rENTAL rATES (FSg)
CLASS A CLASS b
Downtown (CBD & Midtown) 119 53,272,718 6,255,676 11.7% 13.3% 1,463,258 (33,000) $42.97 $28.65
FM 1960 (FM 1960/I-45 N, FM 1960/Champions & FM 1960/Hwy 249)
74 7,834,745 1,131,743 14.4% 15.0% - 512,000 $26.92 $15.85
Greenspoint/North Belt (North Belt West/Greenspoint & Greenspoint/IAH)
96 13,112,457 3,282,294 25.0% 28.1% 68,950 (423,000) $28.07 $15.65
Greenway Plaza 48 10,416,013 946,816 9.1% 9.3% 858,275 74,000 $35.77 $25.94
Gulf Freeway/Pasadena 34 2,597,502 368,845 14.2% 14.2% - 26,000 - $22.75
Katy 22 1,379,013 224,779 16.3% 16.5% 124,017 123,000 $33.09 $24.01
Katy Frwy/Energy Corridor (Katy Freeway East & Katy Freeway West)
207 34,736,090 3,663,164 10.5% 13.6% 2,288,929 (70,000) $37.49 $23.53
Kingwood/Humble 8 789,674 73,440 9.3% 9.3% - (4,000) $32.13 $18.75
NASA/Clear Lake 63 7,051,599 944,914 13.4% 13.9% - (7,000) $24.84 $18.75
Northeast 15 1,155,562 190,668 16.5% 16.5% 1,000,000 (1,000) - $17.34
Northwest (North Loop West, Northwest Near & Northwest Far)
73 8,883,138 1,420,636 16.0% 16.7% - (49,000) $22.57 $18.34
South Main/Medical Center 49 10,469,072 984,093 9.4% 9.5% - 42,000 $29.11 $25.59
Southwest Frwy/Sugar Land (SW/Hillcroft, SW Beltway 8 & E Ft Bend Co/Sugar Land)
122 16,266,671 2,145,487 13.2% 13.5% - 227,000 $25.23 $16.14
West Belt 36 4,702,573 564,309 12.0% 13.5% 200,000 127,000 $32.22 $23.94
West Loop (Bellaire, Post Oak Park, Galleria, Riverway, Richmond/Fountainview & San Felipe/Voss)
172 33,203,145 3,119,154 9.4% 10.2% 1,145,000 148,000 $36.34 $24.34
Westchase 87 15,922,349 1,370,914 8.6% 11.4% 1,545,000 (18,000) $39.14 $21.03
The Woodlands 87 14,077,716 709,517 5.0% 5.5% 1,411,795 51,000 $40.56 $25.30
Conroe 13 903,345 89,431 9.9% 9.9% - - $29.55 $24.17
Total - Houston 1,327 236,773,382 27,485,878 11.6% 13.0% 10,105,224 725,000 $35.35 $21.27
Source: Transwestern analysis of CoStar data, includes buildings 50,000 SF RBA and greater, excluding government owned buildings
Office Sales StatisticsHOuSTON mSA uNITEd STATES
quArTEr TO dATE
LAST quArTEr (q3 2015)
TrAILINg 12 mONTHS
LAST quArTEr (q3 2015)
TrAILINg 12 mONTHS
Volume ($ Mil)
$566.6 $466.5 $3,016.4 $36,202.0 $148,221.5
No. of Properties
11 34 141 1,515 5,940
Total SF 2,054,058 3,233,416 16,057,528 161,242,546 631,572,481
Average Price/SF
$247 $122 $223 $245 $245
Average Cap Rate (Yield)
N/A 7.6% 7.0% 6.7% 6.8%
Source: Real Capital Analytics
mArkET WATCH
Overall Vacancy Rates Asking Rental Rates (FSG)
Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 $25.00
$26.00
$27.00
$28.00
$29.00
9%
10%
11%
12%
13%
MARKET WATCH HOUSTON Office MARKeT DeceMbeR 2015
HOUSTON Office MarkeTDeceMbeR 2015
610
45
1010
290
59
90
288
99
249
8
35
6
11
11
11
11
22
11
11
11
22
22
22
22
22
22
55
55
66
55
66
66
88
77
33
33
33
33
33
33
33
44
44
44
44
44
99
See Inner Loop
Map
inneR looP
1. CBD2. South Main/Medical Center3. Galleria4. Riverway5. Midtown6. Greenway Plaza7. Post Oak Park8. Bellaire9. North Loop West
southeast
1. Gulf Frwy/Pasadena2. NASA/Clear Lake3. Southeast Outlier
noRthWest
1. Northwest Near2. Northwest Far3. FM 1960/Hwy 2494. FM 1960/Champions5. Northwest Outlier6. West Belt
noRth
1. The Woodlands2. FM 1960/ I-45 North3. North Belt West/Greenspoint
West
1. San Felipe/Voss2. Richmond/Fountainview3. Westchase4. Katy Freeway East5. Katy Freeway West6. Katy
southWest
1. Southwest/Hillcroft2. Southwest Beltway 83. E Fort Bend Co/Sugar Land4. Southwest Outlier
noRtheast
1. Northeast Near2. Greenspoint/IAH3. Kingwood/Humble4. Northeast Outlier
Copyright © 2015 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
HOUSTON Office MarkeTDecember 2015
houston contacts
Eric AndersonExecutive Vice President - [email protected]
Doug LittleSenior Managing Director - [email protected]
David BakerExecutive Vice President - [email protected]
Michelle WoganExecutive Vice President - [email protected]
David LeeSenior Vice President - [email protected]
Paul WittorfSenior Vice President - [email protected]
Monte CalvertSenior Vice President - [email protected]
Greg TiltonVice President - [email protected]
Louann PereiraVice President - [email protected]
Justin LeightonManaging Director - Tenant [email protected]
Ken PageManaging Director - Tenant [email protected]
Bobbie BozarthSenior Vice President - Tenant [email protected]
Margaret Ann Cook Vice President - Tenant [email protected]
Michael SnodgrassManaging Director - Structured [email protected]
Jan SparksManaging Director - Structured [email protected]
mETHOdOLOgY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
CONTACT
Rachel AlexanderDirector of Market [email protected]
t 713.270.7700 f 713.270.6285www.transwestern.net/houston
1900 West Loop South, Suite 1300Houston, Texas 77027
SEATTLE
WALNUT CREEK
LOS ANGELES
SALT LAKECITY
DENVER
MINNEAPOLIS
MILWAUKEE
ST. LOUIS
CHICAGO
DETROIT GREENWICHNEW YORK
NEW JERSEY
BALTIMORENORTHERNVIRGINIA
BETHESDAWASHINGTON DC
DALLASFORTWORTH
HOUSTONAUSTIN
SAN ANTONIO
OKLAHOMACITY
NEW ORLEANS
ATLANTA
FORT LAUDERDALEORLANDO
MIAMI-DADE
SANFRANCISCO
PHOENIXORANGE COUNTY
SAN DIEGO
BOSTON
SILICONVALLEY
TRANSWESTERNLOCATIONS
aBout tR ansWesteRn
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 38 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate.
Transwestern was founded in Houston, Texas in 1978, and Houston remains the corporate headquarters today. As one of the preeminent commercial real estate firms in Houston, we offer a comprehensive menu of real estate services designed to provide owners, tenants and investors with the optimum solutions for their unique requirements. Transwestern has seasoned veterans in every area of expertise with the integrity, experience and creativity to be the best partner for its clients. Transwestern’s Houston office currently employs over 400 team members and has been an innovator in the Houston market for 37 years.
Kevin RobertsPresident, [email protected]