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Despite Oil Price Impact, Demand Continues for Office

HOUSTON—Mixed-use development attracts young professionals who appreciate the opportunity to live and work in a pedestrian-friendly environment.

CITYCENTRE Class-A office space continues to be in demand.

HOUSTON—Despite the impact of lower oil prices on the citywide office market, CITYCENTRE’s mixed-use environment continues to be a tenant draw. Midway Companies is experiencing leasing activity at CITYCENTRE’s first four office buildings, which are currently at 98 to 100% occupancy.

Jonathan Brinsden, CEO of Midway Companies tells GlobeSt.com: “CITYCENTRE is resilient in an otherwise slower market due to its thoughtful scale of office and curated mix of amenities. It creates a walkable environment for employees in support of business growth and retention.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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