HOUSTON - Jan. 30, 2020 - The month of January gets its name from the Latin language and the Roman god Janus, the god of beginnings, transition, gates, passages and endings. So, I guess it makes sense that it is the first month (in the Gregorian calendar anyway) of the year and that it causes many of us to reflect on the past year and look forward to the beginning of a new one.
The commercial real estate world is no different as we look back on what the market told us by way of transactions, absorption, deliveries of new product and overall user sentiment about the future. The length of the term a tenant iswilling to sign on a lease, the price a user is willing to pay for a building and the price a developer pays for land are all examples of the market "speaking". The beauty of markets and the law of supply and demand is that they don't lie. Yet, there is always more to the story.
What did the markets say?
The Houston Industrial market has not traditionally been classified as... To read the full report, click here: https://www2.colliers.com/en/Research/Houston/Q4-2019-Houston-Industrial
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Lisa Bridges | Director of Market Research