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…
Mike Spears Named 2021 Most Admired CEO by Houston Business Journal
HOUSTON (July 2021) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, is proud to announce that Mike Spears, SIOR, CCIM, Managing Principal, has been honored as one of the “2021 Most Admired CEOs” by Houston Business Journal. Each year, the Houston Business Journal recognizes the city’s top CEOs based on their contribution to the company’s success, civic involvement and career achievement, among other factors. The honorees represent some of the city’s…
Balancing Fatherhood and Being a CEO
Dads are real-life superheroes! They are strong, adventurous and extraordinary. This Father’s Day we asked a couple dads in the demanding commercial real estate industry how they balance being a father and a CEO. Running a company is challenging, but fatherhood also comes with its own trials as well. Mike Spears, SIOR, CCIM is the Managing Principal of Lee & Associates – Houston and a dad to 12-year-old twins Emily and Luke. Mike acknowledges that there…
Lee & Associates – Houston Reduces Waste & Helps Community
April 2021 (HOUSTON, TX) – Lee & Associates – Houston, a nationwide leader in commercial real estate services is working to reduce their waste by putting old property signs to good use. Working hand in hand with TASMAN Sign & Graphic Solutions, the company has created a program where the signs they no longer need are donated to local schools, specifically for their Future Farmers of America (FFA) programs, in an effort to reuse,…
Lee & Associates – Houston Announces Brokerage Team Expansion
Commercial Real Estate Services Leader Adds New Talent to Roster April 2021 (HOUSTON, TX) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Larry Gray will be joining its growing brokerage team as a Director. “We’re excited to welcome Larry to our Lee & Associates family,” said Mike Spears, Managing Principal. “His vast experience and knowledge of the Houston market is invaluable as we continue to grow our industrial…
LEE & ASSOCIATES – HOUSTON ACQUIRES OVER 300,000 SQUARE FEET OF OFFICE SPACE Commercial Real Estate Services Leader Announces 2021 Building Acquisitions
HOUSTON (FEBRUARY 2021) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces the acquisition of four new office leasing and management assignments in January of 2021. “Even though the leasing market was in a constant state of change in 2020, we have been able to lease up office buildings like 550 Wescott because of our focus on technology,” said Jill Nesloney, Principal at Lee & Associates – Houston. “Today’s…
Lee & Associates – Houston Promotes Drew Donohue to Director
HOUSTON (JANUARY 2021) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces the promotion of Drew Donohue from associate to director. “Drew is very diligent and a hardworking leader,” said Chris Lewis, Managing Principal at Lee & Associates – Houston. “I’m thrilled to see him grow at Lee & Associates. He is dedicated to our firm and plays an integral part of the team.” Donohue specializes…
Lee & Associates – Houston Promotes Mason Alsbrooks to Director
HOUSTON (January 2021) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces the promotion of Mason Alsbrooks, CCIM from associate to director. “Mason’s character and work ethic demonstrates his commitment to service and leadership,” said Mike Spears SIOR, CCIM, Managing Principal at Lee & Associates – Houston. “His talent rounds out our team and I look forward to seeing him continue to grow his career in real…