Welcome to Houston
Houston’s robust economy, low cost of living and diverse population has made it the number one destination city for U-Haul for the last nine years. It has the fourth largest population in the U.S and is the 9th largest U.S. city by land area. People from around the globe relocate to Houston seeking the abundant opportunities in the industries of energy, health sciences, space technology and aviation. It is home to 25 Fortune 500 companies, is the energy capital of the world, has the nation’s largest port, based on foreign tonnage, and is also home of the world’s largest medical center. This amazingly resilient city has been the perfect fit for Avison Young’s Houston office since 2010 and continues to expand rapidly with the leadership of two industry veterans.
Avison Young is a privately-owned company with a principal-led culture that is focused on providing best-in-class real estate services throughout Houston Metro. It is one of Houston’s leading providers of integrated commercial real estate services including tenant representation, landlord leasing, investment sales, capital markets and industrial tenant representation. Our organization is team-driven and client-focused. The depth of our market knowledge assures that we capture and capitalize on the trends impacting our clients and their real estate needs.
The Conversion and Evolution of Houston’s Office Market PropertiesMay 2, 2019With more than 36 skyscrapers, Houston’s skyline ranks as the 4th best in the U.S., according to stacker.com, and throughout that skyline are many historical gems that are increasingly being transformed from office buildings to hotels and/or residential dwellings. In an office market with a vacancy rate that’s been hovering at about 16% for several quarters, some landlords may consider capitalizing on their building’s historical features and shift away from the office sector and onto the hospitality/multifamily sector or take the plunge and undergo major renovations.
Direct net absorption remained positive for the third consecutive quarter, building confidence for Houston’s office market recoveryAvison Young releases its First Quarter 2019 Houston Office Market ReportApril 26, 2019Houston, TX — Houston’s office market is showing encouraging signs of progress with positive absorption and lower vacancy rates recorded in the first quarter. Overall asking rates have also increased slightly from $30.42 per square foot (psf) to $30.73 psf.
Port Houston remains the driving force of the industrial marketAvison Young releases its First Quarter 2019 Houston Industrial Market ReportApril 16, 2019Houston, TX — Houston’s construction pipeline continues its upward journey as developers fulfill the demands of e-commerce suppliers and business at Port Houston. The under-construction total jumped to 15.5 million square feet (msf) during the first quarter. The 80 buildings underway primarily represent warehouse or distribution facilities. Industrial property deliveries increased from both the previous quarter and the same quarter in 2018.
Avison Young brokers sale of 40,000-sf industrial space on 6.2 acres in HoustonGreensheet’s former printing complex to be transformed into self-storage facilityApril 15, 2019Houston, TX – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated the sale of 40,000 square feet (sf) of industrial space on 6.2. acres at 1690 North Loop West in Houston.
Order Up - Food Halls!March 22, 2019Not too long ago, the dominating trend in commercial real estate was co-working space, which was addressed in our September 2018 blog. Lately, it seems to be raining food halls – the trendy, chef-driven, micro-restaurants that are quickly becoming the ultimate amenity. Since 2016, Houston has seen eight food halls either open or announce their upcoming opening. Most of them are located downtown, with others popping up in The Heights and Rice Village. Is the collaboration of landlord and restaurateur just another flavor of the month, or will this become a signature dish of the commercial real estate landscape?
Avison Young among SIOR 2018 top 50 worldwide industrial deal award winnersPrincipals Todd Mason and Jeff Lindenberger honored for completing 500,400-sf purchase for Best BuyMarch 22, 2019Houston, TX — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that the firm’s Houston office was recently honored by the Society of Industrial and Office Realtors (SIOR) for its annual Top 50 Industrial Transactions of 2018. Avison Young Principals Todd Mason and Jeff Lindenberger, who are both SIOR members, represented the tenant Best Buy in the lease of a 500,400-square-foot industrial building at Brandon Woods III, located at 7550 Perryman Court in Glen Burnie, MD.
§531.20 Information About Brokerage Services
- The Commission adopts by reference the Information About Brokerage Services Notice, TREC No. IABS 1-0 (IABS Notice). The IABS Notice is published by and available from the Texas Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188, www.trec.texas.gov.
- Each active real estate broker and sales agent shall provide:
- a link to a completed IABS Notice in a readily noticeable place on the homepage of each business website, labeled:
- "Texas Real Estate Commission Information About Brokerage Services", in at least 10 point font; or
- "TREC Information About Brokerage Services", in at least 12 point font; and
- the completed IABS Notice at the first substantive communication as required under §1101.558, Texas Occupations Code.