Written by Rob Johnson, Principal at Lee & Associates – Houston Often referred to as moving-up, trading-up or flight to quality, many office tenants in Houston are taking advantage of the current market conditions to move into nicer office space. Some things change, and some things remain the same. Offices are generally located in areas convenient for the decision makers of the organization – this has not changed. What has changed is that offices are…
Why is Houston executing bigger deals than it has in the past?
Written by C.E. “Trey” Erwin III, Senior Director at Lee & Associates – Houston In recent years, Houston has become known to many as the major distribution hub of the south. Companies such as Amazon, Best Buy, Ikea, Wal-Mart, Home Depot and Ford have looked to Houston for large distribution center locations due to its vast land area and its ability to house larger square footage facilities. While there are many factors that attribute to…
Houston Puts the Hurt on Harvey: One Year Later
Harvey Aftermath: One Year Later August marks the anniversary of Hurricane Harvey and so much has happened in Houston since it made landfall one year ago on Aug. 25, 2017. Our local economy continued to grow, we enjoyed tremendous success from our major sports franchises and Houston got back on its feet; however, it is no secret that Harvey made a lasting impact on us, arguably the most impact in the last 30 years. This unforgettable…
Lee & Associates + Love 146
Love 146 is an international nonprofit human rights organization working to end child trafficking and exploitation through survivor care and prevention. Mike Spears, co-managing principal at Lee & Associates – Houston, became involved with the organization because of some unfortunate circumstances that he’s experienced in his role as a commercial real estate broker. When Spears would tour properties with clients, he noticed that isolated warehouse space around the city was being used for the sex…
Who are the Big Winners in the Current Office Market?
It’s no surprise that Houston’s economy, while diversified, is still largely a marionette to crude oil prices and the oil and gas industry at large. Despite positive movement in the health care sector and several large distribution centers from companies like Amazon, Houston’s office market still faces significant challenges. As discussed in the Lee & Associates – Houston Office Market Brief, overall vacancy rates across all building classes moved up just 20 basis points during…
Shifting Gears – Raised in Fast Company, Kendall Haechten Is Ready to Give Lee & Associates’ Houston Office an Extra Edge
When your parents are well-known in NASCAR circles, and you’re named for a brand of oil, chances are that your destiny at some point will be fixed around motor racing – as a sport and business. Until two years ago, Kendall Haechten was enjoying that role, working as a NASCAR-licensed driver and one half of the Bumbera Sisters racing team. Haechten – now a Marketing Specialist at Lee & Associates in Houston, Texas, and recently…
Lee & Associates 2017 Broker Summit in Las Vegas
It’s that time of the year again! The Lee & Associates – Houston office attended the national Lee & Associate 2017 Broker Summit in Las Vegas. Every year brokers and employees from all Lee & Associates office nationwide gather in Vegas for a two-day, fun-filled summit, which includes networking receptions, educational sessions, key-note speakers, break-out discussions and more. The Broker Summit is a tradition that started in 1979 and is still holding strong to this…
Travis Taylor Named 2017 Next Generation Award Winner!
Lee & Associates – Houston, a nationwide leader in commercial real estate services, is pleased to announce that Travis Taylor has been named a recipient of Connect Media’s 2017 Next Generation Award! In late 2014, Lee & Associates approached Griffin Partners in Houston for acquisition. And, at the time, Griffin’s Travis Taylor became one of the new office’s founding principals. “In addition to helping raise venture capital and promoting an unknown brand to a top-tier market,…