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Industrial Outdoor Storage (IOS) has seen dramatic growth in the past three years and is now estimated to be a $200-billion asset class. Primarily used for truck terminals, trailer storage, container storage, pallet storage and construction or heavy equipment yards, the market saw a huge boom during the pandemic as e-commerce exploded. Even with the pandemic slowing down, e-commerce continues to grow. Here are seven features to consider before developing your next IOS project. Location,…

By definition, property managers set appropriate rental rates, look after tenants, coordinate with construction management in repairs and build outs, and serve as the middleman between building ownership and its tenants. As owners and investors in buildings have evolved, so to have the responsibilities and expectations of a property manager. In years’ past, an attorney or doctor might look to acquire the building its practice is in as a means of retirement income. Today, with…

With the Fed recently approving an interest rate increase of 0.75 and more increases expected this year in an effort to tamp down inflation, all signs would indicate that the US economy is headed for a recession. In fact, some would argue that we are already in a recession based on the fact that the negative gross domestic product reported during the second quarter, by definition, indicates a recession is in place (two consecutive quarters…

Chris Lewis and Mike Spears, co-managing principals of Lee & Associates – Houston, shared lessons from their dad and advice for their children this Father’s Day.   Chris Lewis:  Q: What was your dad’s profession and for how many years? A: My dad has been in commercial real estate for more than 50 years. Q: Best piece of advice your father ever gave you? A: Never give up; show up early and overprepare. Q: Was…

During times of uncertainty in the world, two constants have always been acknowledged. One, the US is one of the safest places in the world to invest money and two, real estate is a stable industry. Thanks to these two components, foreign investment has been entering the United States for years; but even more so due to recent inflation, the COVID-19 Pandemic, and the Russian-Ukraine war, which are causing a great amount of instability in…

Seven Tenant Leases Solidified in a Four-Month Timeframe April 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, and Griffin Partners, an entrepreneurial, commercial real estate investment firm, announces the recent leasing of more than 30,000 square-feet of office space at 520 Post Oak Boulevard. Located in the highly desirable Galleria area of Houston, the eight story, recently renovated, boutique building boasts a total of 155,000 square feet. Jill…

  HOUSTON (FEBRUARY 2022) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Jason English has joined its growing brokerage team as a Director.   “I have known Jason for many years and have the utmost respect for him as a broker,” said Mike Spears, Managing Principal. “I was ecstatic to learn he would be coming on board, and I look forward to him being an integral part of our team.”…

JUSTIN TUNNELL, SIOR Principal Visit Broker Website TAYLOR SCHMIDT, SIOR, CCIM Principal Visit Broker Website ROBERT MCGEE, SIOR Principal Visit Broker Website THOMAS LEGER, SIOR Principal Visit Broker Website PRESTON YAGGI, SIOR, CCIM Principal Visit Broker Website CHASE CRIBBS, SIOR Principal Visit Broker Website C.E. “TREY” ERWIN III, SIOR Principal Visit Broker Website TRAVIS TAYLOR Principal Visit Broker Website

This year, we have seen a boom in the industrial market with the rise of e-commerce. With the pandemic, there has been tremendous growth in order to meet the supply chain demand. As a result, a handful of areas of Houston have seen larger growth than others – simply because of the availability of land and infrastructure. As these new industrial buildings emerge in the Greater Houston area, we’re noticing specific trends follow. West Houston…