Seven Tenant Leases Solidified in a Four-Month Timeframe April 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, and Griffin Partners, an entrepreneurial, commercial real estate investment firm, announces the recent leasing of more than 30,000 square-feet of office space at 520 Post Oak Boulevard. Located in the highly desirable Galleria area of Houston, the eight story, recently renovated, boutique building boasts a total of 155,000 square feet. Jill…
LEE & ASSOCIATES – HOUSTON WELCOMES JASON ENGLISH TO THE BROKERAGE TEAM
HOUSTON (FEBRUARY 2022) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Jason English has joined its growing brokerage team as a Director. “I have known Jason for many years and have the utmost respect for him as a broker,” said Mike Spears, Managing Principal. “I was ecstatic to learn he would be coming on board, and I look forward to him being an integral part of our team.”…
Lee & Associates – Houston Announces 2021’s Top Producers
JUSTIN TUNNELL, SIOR Principal Visit Broker Website TAYLOR SCHMIDT, SIOR, CCIM Principal Visit Broker Website ROBERT MCGEE, SIOR Principal Visit Broker Website THOMAS LEGER, SIOR Principal Visit Broker Website PRESTON YAGGI, SIOR, CCIM Principal Visit Broker Website CHASE CRIBBS, SIOR Principal Visit Broker Website C.E. “TREY” ERWIN III, SIOR Principal Visit Broker Website TRAVIS TAYLOR Principal Visit Broker Website
Houston Submarkets Boom in Industrial Commercial Real Estate
This year, we have seen a boom in the industrial market with the rise of e-commerce. With the pandemic, there has been tremendous growth in order to meet the supply chain demand. As a result, a handful of areas of Houston have seen larger growth than others – simply because of the availability of land and infrastructure. As these new industrial buildings emerge in the Greater Houston area, we’re noticing specific trends follow. West Houston…
What’s Happening in the Current Houston Office Market?
Increased Momentum Surges Q4 The office space momentum in Houston for the fourth quarter 2021 is showing some signs of movement for office tenants, over and beyond movement from the prior three quarters of the year. This seems to be limited to tenants who have strategic needs, but the fluidity of leasing conversations are certainly on the rise as we near year-end. While stats for this quarter have yet to be determined, what seems to…
Challenges and Opportunities for Restaurant Real Estate in Houston
We’ve all seen the impact COVID-19 has had on businesses around the world, especially those in the retail and restaurant industries. The pandemic has been a rollercoaster for entrepreneurs, from the first shutdown in 2020, to pre-covid sales numbers returning in early 2021, then the unexpected Delta variant that has caused sales to dramatically dip once again. While many companies have had to make the tough decision to close their doors for good, others have…
Four Benefits of Innovative Technology in Commercial Real Estate
Over the last decade, particularly during the pandemic, we have increased technology use as a population. Historically, the commercial real estate industry has been slow to adopt some of the advances that our residential counterparts had already put into use. However, we’ve seen a major shift over the last few years, and as a result, the technology has become more readily available and affordable. It has become crucial to the growth of the company and…
Three Things to Know About the State of the Houston Office Real Estate Sector
The current office market in Houston can be characterized by one dubious distinction – having the most vacancy of any major office market in the country. As companies continue to shed office space, market-wide space availability (which includes present, sublease and future vacancy) is hovering around 30 percent. As a result of the pandemic, corporate institutions, law firms and large accounting firms, industries that lease a majority of office space, are reducing their office footprint….
Three Ways the E-Commerce Boom Has Affected Commercial Real Estate
Not only has technology driven e-commerce, but the pandemic has made us adapt more e-commerce habits. In 2020, we reached the expected rate of e-commerce growth two years early. Its convenience has shifted the way we shop since the 1990s and it only continues to grow. There was an over 30 percent increase in e-commerce sales from 2019 to 2020; estimated at $791.4 billion, according to the U.S. Department of Commerce. This not only…