HOUSTON–During the Development panel at theRealShare Houston conference on May1st, panelists agreed that things are looking up inevery property type, with a number of projects coming onlinerecently and more in the works.
“With the exception of northern California, Texas is the shiningstar,” said Carleton Riser, president ofTranswestern Development Co. “There is an upswing of development inDallas, but it does not compare to Houston.”
Retail is doing really well at the moment. ModeratorRusty Tamlyn, senior managing director of HFF,commented that there are about 4 million square feet of retailprojects under development, and a vast majority of the projects are70% pre-leased even before they complete.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
