Texas Commercial Real Estate - Archives February, 2010

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Home : Blogs : Erik Johnson, CCIM : Texas Commercial Real Estate : Archives February, 2010

Texas office markets struggle in 4Q09 - 02/13/10 12:14 PM

TEXAS' Q4 OFFICE PERFORMANCES VARY
SANTA ANA, CA (Grubb & Ellis) - The office markets in Dallas-Fort Worth and Houston struggled in fourth quarter 2009, while Austin and San Antonio showed some positive signs, according to Grubb & Ellis.
Dallas-Fort Worth ended 2009 with a total negative absorption of 941,499 sf, 265,402 sf of which was posted in the fourth quarter. Vacancy rose 30 basis points to 22.8 percent in the fourth quarter, its highest level in over four years. Overall asking rents declined $0.20 in the last quarter to $20.68 per sf across all property classes.
Houston posted 295,713 sf … (2 comments)

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Erik Johnson, CCIM

Abilene, TX

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Paul Johnson and Associates

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