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November 12, 2020

Houston’s Flexible Office Market Is Holding Up Better Than Most, With Growing Interest In The Suburbs
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Houston's flexible office market is holding up better than most other cities.

Only seven U.S. markets had any activity in the flexible office space sector during the second quarter of 2020, down from 17 markets in the first quarter, according to the most recent data from CBRE. Houston ranked fourth in the country, recording 45K SF of either new or renewal activity and accounting for 13% of national activity during Q2.

About half of that square footage was attributed to a single renewal transaction by Regus for just over 20K SF, according to CBRE. Overall, Houston has about 2.2M SF of flexible office space.

Some of Houston’s smaller coworking firms told Bisnow in April that daily occupancy levels had fallen, as many members were choosing to stay home or had been financially affected by the coronavirus pandemic. But as time has gone on, interest in flexible working environments has increased.

Houston’s Flexible Office Market Is Holding Up Better Than Most, With Growing Interest In The Suburbs

The Instant Group CEO Americas Joe Brady told Bisnow that his firm, which offers brokerage services for flexible office, saw a 7% year-over-year increase in Houston inquiries in Q2. That jumped to a 21% increase year-over-year in Q3. Typically, the…

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Texas Metros Demonstrate Growing Appeal To Businesses, Investors

Texas Metros Demonstrate Growing Appeal To Businesses, Investors

The challenging economic environment in 2020 has forced many businesses to re-examine their balance sheets to find ways to improve performance and cut costs. That’s leading more and more companies to consider Texas as a place to put their money.Texas has long had a reputation for being a business-friendly state, thanks…

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Impact Investing Passes Its COVID-19 Trial By Fire

Can you do well at the same time as doing good? When you invest, do you have to sacrifice returns in order to have a positive social impact? Those are the big questions at the heart of impact investing, ones that a crisis like the coronavirus pandemic, which has hit real estate hard, throw into stark relief.

Those involved in real estate impact investing say the pandemic has brought to the fore both the resilience and the importance of impact investing. 

“Broadly speaking, in times of economic pain, issues of people and planet can often take a back seat as people focus on balance sheets that are shrinking and distress,” Nuveen co-Head of Impact Investing Rekha Unnithan told Bisnow. “Things that might only seem nice to have go on the back burner. But this time, issues of people and planet have continued in importance. People have realised that climate change doesn’t stop, pollution doesn’t stop and crises like COVID-19 have a disproportionate impact on lower-income communities.”

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Some leave everything behind to come to the Big Apple hoping to make it big on Broadway. Sayo Kamara hoped to make it in commercial real estate.

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Amid The Wreckage, Some Retail Thrives, But Landlords Will Have To Work Harder To Get Those Tenants

CHICAGO — The retail sector suffered tremendous reverses in 2020, but even in the midst of what some call a “retail apocalypse,” bright spots also appeared. Some tenants took advantage of the troubled market to sign favorable deals, launch new types of businesses or learn how to use the internet to sustain sales. That has kept many properties afloat, even as vacancy rates climb and rent collection remains below 2019 levels.

“The thing that’s obvious to everyone is that there are some retailers that are poised to do well in this era,” Baum Realty Group President Mike Demetriou said.

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Take The Bisnow Exit Poll: Is Biden The Right Choice For CRE?
Take The Bisnow Exit Poll: Is Biden The Right Choice For CRE?  

Though the election is not yet certified, much of the country and real estate is gearing up for Joe Biden to take the Oval Office in January. Sources have been telling Bisnow for months that Biden has gained support within commercial real estate, and professionals we have spoken to…

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