Avison Young releases Forecast 2021
December 8, 2020Houston’s industrial market dominates due to surging online shopping demand
Houston, TX – Avison Young today released Forecast 2021 for Houston. The commercial real estate market will continue to face challenges in 2021 due to effects from the pandemic. Industrial is expected to remain the strongest asset type while the office market will contend with the evolving space needs of occupiers.
“With the year of disruption nearing the end, 2021 will likely shape up to be the year of adaptation,” said Rand Stephens, Principal and Managing Director in the firm’s Houston office. “The road to recovery is on the horizon as the commercial real estate market continues to fine tune its responses to the challenges brought on by the pandemic.”
Online shopping demand remains strong and is the driving force behind the industrial market. The complete Forecast 2021 can be viewed on the link provided below.
Download link: Forecast 2021 Houston
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