November 8, 2024 (Houston) – The Houston office market has witnessed a notable shift as businesses increasingly look beyond the city’s urban core to suburban submarkets like The Woodlands and Cypress. This shift has been driven by evolving business needs, lifestyle preferences, and strategic growth considerations that are transforming how companies approach their leasing decisions. As suburban submarkets, offering premier office space has emerged as attractive alternatives to downtown spaces for various reasons. These areas…
Rising Treasury Rates Amid Fed Cuts and Their Impact on Commercial Real Estate Lending
October 17, 2024 (HOUSTON) – Recent trends have shown a surprising rise in U.S. Treasury yields, even as the Federal Reserve has paused or cut interest rates. The benchmark 10-year Treasury yield recently climbed to its highest levels in over a decade, driven by various factors such as inflation concerns, high government debt issuance, and expectations of sustained economic growth. This shift has important implications for commercial real estate (CRE) lending, which relies heavily on…
Underutilized Office Building Parking Garage Rooftops Create New Value-Add Opportunities for Landlords
September 19, 2024 (HOUSTON) – In the evolving office markets of major U.S. cities, where daily foot traffic has decreased, property owners are increasingly focused on maximizing and monetizing every building’s amenity potential and opportunities for revenue. Lee & Associates Houston’s office division has observed this trend through their client conversations and surveys of the competitive market. This shift has inspired innovative repurposing, especially in revitalizing the underutilized rooftops of parking structures. As parking demand…
The Average Distribution Lease Size Returns to Normalcy in 2024
June 20, 2024 (HOUSTON) – The Houston Industrial Metro Area is a formidable distribution powerhouse. It features state-of-the-art facilities and expedient access to the premier port of the Gulf Coast. The sprawling port city has long been a crucial factor in meeting the logistics needs of some of the nation’s largest companies. In recent years, notably in the midst of the COVID-19 pandemic and beyond, demand for distribution space has surged significantly. This can primarily…
Lee & Associates – Houston Unveils Advanced Broker Training Program Details
May 23, 2024 (HOUSTON) – Embarking on a career in commercial real estate brokerage involves the navigation of a myriad of challenges. Aspiring brokers must quickly digest a wealth of information due to the industry’s frequently evolving trends, established commercial methodologies, and terminology. The complex industry landscape requires a solid understanding of market dynamics, effective networking, and continuous learning. Lee & Associates – Houston offers a robust broker training program where aspiring brokers receive…
Office space with hospitality in mind. The newest trend in office space design.
The latest initiatives aimed at revitalizing office space have led to the emergence of a transformative trend that is reshaping the design landscape of workplaces across the nation. April 18, 2024 (HOUSTON) – In the current era of office leasing, marked by a prolonged wave of employees resisting the return to the office post-pandemic, many companies and landlords are resolutely committed to integrating upscale features and amenities into their office spaces, striving to enhance…
THE PINNACLE PORT OF THE GULF OF MEXICO BOASTS A STRONG START TO THE YEAR
February , 2024 (HOUSTON) – Port Houston once again had an astounding year in 2023. While overall annual performance statistics were down relative to 2022, triumphs were seen throughout the year. The final quarter of the year embraced several of the more notable triumphs, including extraordinary cargo volumes and great strides in The Port’s renovation and expansion projects. Just beyond the 3.8 million mark, total TEUs ended the year merely 4% below the previous annual…
Seven Stand-Out Features to Consider When Speculating on Your Next Industrial Outdoor Storage Development
May 2023 (HOUSTON) – Industrial Outdoor Storage (IOS) has seen dramatic growth in the past three years and is now estimated to be a $200-billion asset class. Primarily used for truck terminals, trailer storage, container storage, pallet storage and construction or heavy equipment yards, the market saw a huge boom during the pandemic as e-commerce exploded. Even with the pandemic slowing down, e-commerce continues to grow. Here are seven features to consider before developing your…
Successfully Investing in Real Estate Requires a Qualified Property Manager
By definition, property managers set appropriate rental rates, look after tenants, coordinate with construction management in repairs and build outs, and serve as the middleman between building ownership and its tenants. As owners and investors in buildings have evolved, so to have the responsibilities and expectations of a property manager. In years’ past, an attorney or doctor might look to acquire the building its practice is in as a means of retirement income. Today, with…