HOUSTON-After posting some of the strongest numbers in years in 2013, commercial brokerage firm CBRE says the Houston commercial real estate market should continue to grow in 2014.
While CBRE officials caution that the markets may not produce results as strong as 2013, this year will still see impressive results from the office, multifamily and retail markets, according to the Houston Chronicle.
“The story continues to be very good,” said Mark Taylor, senior managing director of CBRE's Houston operations. Taylor and other CBRE executives issued their market prognostications at the company's quarterly presentation on the commercial real estate markets on Monday.
In terms of the office market, CBRE noted that companies occupied an additional 4.9 million square feet last year and that demand for office space has not been this strong since 2006. There is 14 million square feet of new space under construction in Houston. See story in the Houston Chronicle.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
