Mid-Year Texas Industrial Markets 2023

The saying, “Everything is bigger in Texas,” is certainly true when it comes to industrial construction activity. Demand for industrial space has simply been overtaken by the sheer amount of new supply. All told, more than 69 million square feet of new product has come online in the first half of 2023; meanwhile, demand continues…

Read More

Mid-Year Review Texas Office Markets 2023

Like other areas across the county, the Texas office markets are struggling to find firm footing. Across the state, demand for office product is slowing, vacancy rates are rising, and landlords are more generous with incentive packages in the form of free rent and tenant improvement dollars. Furthermore, the amount of available sublease space –…

Read More

Texas Office Markets – 2022 Year in Review, What to Expect in 2023

Even as more companies demand employees return to the office, occupancy trends in the U.S. remain well below pre-pandemic levels. As of January 2023, the average occupancy in the U.S. was 49.5%, according to Kastle Systems’ “Back to Work Barometer,” which measures security card swipes in 2,600 buildings in 138 cities. It’s true that Texas…

Read More

The Texas Office Markets Mid Year Review 2022

More than two years after COVID-19 lockdowns forced a shift in the way office-using employees work, occupancy trends in the U.S. remains well below pre-pandemic levels. As of July 2022, the average occupancy in the U.S. is 44.1%, according to Kastle Systems’ “Back to Work Barometer,” which measures card access swipes in roughly 2,600 buildings…

Read More