Hybrid Work Seems Here To Stay, But It Could Be Years Before Houston Companies Find Normalcy

Rising interest rates are resetting the New York investment market — killing deals, causing headaches for owners in need of new financing and, in some cases, creating a new set of opportunities.

“I know of a couple of buildings that were pulled off the market,” Marcus & Millichap Senior Managing Director Eric Anton said. “There is a lot of repricing. If buyers signed a contract a month ago, after 30 days of due diligence they’re coming back and saying ‘I can’t do that.’” Last month,…

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Sky-high housing costs have hampered many would-be homeowners from finding the home of their dreams. Increasingly, companies looking for new sites for warehouses, manufacturing space and even offices are facing the same fate, as jarring double-digit jumps in home prices and rents have caused many to re-evaluate their site selection decisions.

“Affordable housing and lack of inventory are at the forefront of industry discussions today,” said John Boyd, principal of The Boyd Co., a national site selection firm.

The issue has become so dire, Boyd said, that it can hold up planned relocations for 18 to 24 months until adequate housing has been completed, leading to lease renewals at existing offices while companies wait for new markets to be ready for their expansion.

The housing crisis has become a labor crisis for companies already caught in one of the most challenging labor markets in recent history. "When housing costs go up, workers go to their employers and say, 'I need more money or I’m going to look elsewhere,'” CBRE Senior Client Strategy Consulting…

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