New Content Updates
Educational Webcast Alerts
Building Products/Technology Notices
Access Exclusive Member Content
<< Back to Facilities Management News Home
<< Commercial Office Facilities
Experts from CBRE, a worldwide commercial real estate services and investment firm, are available to discuss Hurricane Harvey's impact on Houston's resilient commercial real estate market. In addition, CBRE has released a report that outlines the storm's impact on major commercial real estate asset classes in Houston.
“Houston’s commercial real estate market is resilient after weathering Hurricane Harvey and the largest rainfall the area has recorded in decades,” says Spencer Levy, head researcher with CBRE. “The outlook for recovery is optimistic, but short-term disruptions are to be expected. Available space to house displaced companies, stores and residents—as well as relief workers -- is likely to become scarce in certain Houston submarkets, and the rebuilding effort will temporarily fuel a rise in retail sales and additional demand for warehouses in the area from building supply companies. Overall, Houston's recovery will take time, but the area's strong economy will help it rebound soundly."
AREAS OF COMMENTARY: Office:
CBRE EXPERTS: Spencer Levy , Head of Research, The Americas; Cody Armbrister, CBRE Senior Managing Director, Houston; Robert Kramp, Director of Research & Analysis, Houston. To read the full report, click here.