Tough Slugging for Investors in the Houston Market

HOUSTON–The overall sentiment of those attending Thursday’s RealShare Houston conference was that the local market is in the midst of an amazing story. Rising rental rates, constant population and job growth, and a healthy pipeline of new development all comes together to create a robust market that is likely to be sustainable for the next three to four years.

During the Institutional Capital Markets panel, moderator Steve Pumper, executive managing director at Transwestern, pointed out that last year Houston saw $4.8 billion in office sales, with the average price per square foot around $212. This figure spans 105 properties and about 26 million square feet.