(Read more on the industrial market.)
HOUSTON-Two real estate veterans have combined their 19 years ofexperience to form Fritsche Anderson Realty Partners. The duo hashit the ground running with several sizable deals that theyanticipate will be signed in the next few months.
David Anderson and Anthony Fritsche, both office and industrialtenant representatives, have launched their business at aninteresting time. With metro vacancy rates for office productrunning at 12.8% and industrial at 5.7%, it's a building owner'smarket. "The pendulum has swung the other way with regard to basicmarket fundamentals," Fritsche acknowledges. He adds that newpurchase price levels and capital markets also provide a challengebecause they drive lease rates upward. As a result, he says "spacehas become high and scarce."
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