Rosy Stats for 2013, Real Estate Bisnow January 2, 2013
On January 2, 2013, Real Estate Bisnow ran an online article covering BoyarMiller’s December 5, 2012 Houston Commercial Real Estate Markets – What’s Ahead for 2013 Breakfast Forum. The following is an excerpt from the article:
The numbers are in from Boyar Miller’s annual CRE forecast: On the industrial front, we’ve got 5.3% overall vacancy and 2M SF under construction, but that’s 43% pre-leased and we’re nabbing over 4M SF of annual absorption. GSL Welcome Group CEO Welcome Wilson Jr. says rents are increasing dramatically, and the number of bidders for each Class-A sale has doubled in the past few years. He predicts we’ll see more design-build — driven by low interest rates — and less BTS (instead, users will fill spec space) this year.
For a link to the complete story, click here.