Tenavox Blog

    The Latest Resources, News and Events Curated by our Team of Commercial RE Experts

     

    Written by Tyler Williams
    on October 24, 2019

    Welcome to the Tenavox Weekly News Roundup!

    We're sending out a weekly collection of great articles and newsworthy content in the commercial real estate industry with a special-tilt towards businesses and tenants.

    Let us know what you'd like to read about here. We'll work to incorporate more stories based on your feedback, every week. Remember, if you have any specific questions you can contact us anytime.

    Trending this Week...

    shutterstock_1022439592

     

    Sublease Space in Downtown Houston Will Likely See Major Absorption

     

    Sublease space has been a drag on the Downtown Houston office sector for a long time, but there is hope for the market as it appears sublease space in downtown is in line for some major absorption. Three major sublease assignments (One Shell, BG Group Place, and Hess), which represent about 1.3M SF of sublease space, are expected to be absorbed by the end of the year. With Downtown responsible for 2.3M SF of that sublease space total, completing deals on those spaces could have an outsized effect, reducing Downtown’s sublease availability by over 56%. These deals are not closed, but when they are finalized Downtown’s sublease availability will be reduced by over 56%. Read the full story here. 

     

    Latest Development News

    This section highlights some of the development news and completed projects to watch for in your market. For more information on market trends, rents and more visit our Houston or Austin City Pages.

    With the addition of a new office tower, the Domain neighborhood in Austin will continue to expand its footprint. The new office tower, named Domain III, is a 24-story project that will include 318,000 SF of space. In other news, a pair of new large industrial developments are officially coming to Texas. In the DFW suburb of Burleson, a 400,000 SF cold storage facility will begin construction next year, while a 500,000 SF industrial center in Harris County near Humble is scheduled to be completed in the fourth quarter of 2020.

     

    Latest Leases Signed

    This section highlights some of the leases signed and deal terms to watch for in your market. For more information on market trends, rents and more visit our Houston or Austin City Pages.

    In Houston’s Westchase area, LJA Engineering signed a more than 90,000 SF Lease, while JMJS Inc., a Pennsylvania-based wholesale distributor of office furniture, has inked a 251,754 SF lease in northwest Houston's Highland Grove Industrial Park. In the Houston suburb of Pearland, the Pearland Town Center is building a 48K SF office building for a national credit tenant whose name has yet to be released. 

     

    Shutterstock cowowrk

      

    Is it Better to Buy or Rent?

    Should your company buy or rent space? We get this question quite often. On the commercial side of real estate, space is more expensive, so commitments are much longer, and liabilities are that much greater. Because of this, you should never put something under contract without a complete review and understanding of the full dynamics of what a purchase means for your business. 

    Read More

     

    Learn as You Go

    Take our fantastic e-course built to teach you the ins, outs, and all the betweens of a commercial lease. 100 percent free.

    Access Our Course

     

    Learn more about commercial real estate leasing and check out our latest blogs and our Leaning Center for awesome information, market trends, professional highlights, and more.

     

     

     

    Let Us Know What You Thought about this Post.

    Put your Comment Below.

    You may also like:

    #business Tenants Tenavox

    Weekly News Roundup

    Welcome to the Tenavox Weekly News Roundup!

    #business Tenants Tenavox

    Weekly News Roundup

    Welcome to the Tenavox Weekly News Roundup!

    #business Tenants Tenavox

    Weekly News Roundup

    Welcome to the Tenavox Weekly News Roundup!