Houston

Midtown is sandwiched between the two largest employment centers, downtown and the Medical Center, and is the third most densely populated square mile and one of the fastest-growing areas.

While the decrease was only by $1 to $1,471, it still broke an upward trend in place since February 2017, according to a report by RentCafe, while the average rent in Texas is generally lower than the national average.

Leasing is underway on 86% leased Sugar Creek Place I, a class-A 151,722-square-foot six-story office building with more than $1.7 million in capital upgrades since 2014 and prominent freeway signage.

The Houston Q3 market showed plateauing office concessions, a record year of industrial deliveries, retail dominated by medical office facilities and multifamily exhibiting strong fundamentals, says a JLL report.

Skanska saw the opportunity with West Memorial Place's location among large office complexes and residential areas to bring in a full-service restaurant that can become a local staple in the community.

RightQuest, in conjunction with local partnerships JTMR LLC and JJR Group LTD, recently sold a 416-unit multifamily portfolio including Bella Vista Apartments and more recently developed Royal Vista Apartments.

When taking into account the lack of new supply within three miles, Houston's class-A infill communities have become increasingly uncommon yet assets that offer long-term stability and value appreciation are desirable.

As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.