Houston Office MarketPurchase Flagyl, Houston’s office market ended the second quarter with a total of 903,838 square feet of positive absorption, slightly more than the 788,993 square feet absorbed during the first quarter, according to quarterly market research compiled by Commercial Gateway, the commercial division of the Houston Association of REALTORS®.
Class A space staged a comeback, accounting for 94.4% of the second quarter’s absorption but only 50.4% of the total year-to-date. Nine submarkets recorded positive absorption for both quarters, No prescription Flagyl online, with the Westchase, West and Energy Corridor submarkets leading the activity. Westchase attributed Phillip 66’s 209,482-square-foot lease at the Pinnacle Westchase for its leading number, while the West and Energy Corridor’s activity included several deals, Flagyl results. The Energy Corridor’s oil and gas firms’ leasing activity has contributed 34.9% of the positive activity overall for the first half of the year. The Galleria/Uptown submarket saw one major move-in during second quarter: Weatherford International moved into its new 335,028-square-foot building at 2000 St, Purchase Flagyl. James, the former Minute Maid building, Flagyl from mexico, after 18 months of buildout, vacating several spaces in other Galleria-area buildings.
The current 12.4% vacancy rate is an improvement over the 14.1% vacancy recorded during the same quarter a year ago, with rental rates fluctuating during the last four quarters to stabilize at $22.89 per square foot this quarter. Overall sublease space has been dropping for the last four quarters, buy no prescription Flagyl online, recording almost 1.9 million square feet this quarter compared to 2.8 million square feet in Second Quarter 2011.
Office development is making headlines daily as numerous buildings are announced, but most will not break ground without a lead tenant. Purchase Flagyl, Currently, 12 office properties totaling 2.7 million square feet are under construction. Purchase Flagyl online, Joining the list of under-construction properties during the second quarter are: the 300,000-square-foot Research Forest Lakeside Building 4 in The Woodlands, of which Talisman Energy has committed to six floors, about half of the total space; the 300,000-square-foot Briarpark Green, what is Flagyl, Granite’s newest Westchase property; and Sam Houston Crossing II, Duke Realty’s newest 159,056-square-foot project. Online buying Flagyl hcl, The latter two projects have not reported any preleasing. Numerous other projects, primarily in the West, Energy Corridor and The Woodlands submarkets, have announced start dates later this year, Flagyl duration.
Other leasing notes during the second quarter include Murphy Oil and Gas preleasing a 173,200-square-foot space in a proposed, soon-to-be-started building by Metronational in the West submarket. Several leases were also signed by WorleyParsons: a 130,282-square-foot deal in the Reserve at Park Ten building located in the Energy Corridor submarket along with another 50,716 square feet in Phoenix Tower in the Greenway Plaza/Inner Loop submarket, Purchase Flagyl. Purchase Flagyl for sale,
Houston Industrial Market
Houston’s industrial market continues to improve with positive absorption recorded and limited major construction on the horizon, according to statistics released by Commercial Gateway. With a 10th consecutive quarter of positive absorption, the industrial market has seen a stabilization of vacancy rates and rental rates with new product entering the market. Vacancy overall is down to 7.5%, buy Flagyl without prescription, compared to 8.5% a year ago.
Net absorption in the second quarter totaled 1.2 million square feet, slightly down from last quarter’s 1.4 million square feet. Purchase Flagyl, Warehouse/distribution properties recorded about 1.1 million square feet this quarter, continuing a five-year trend of positive absorption and accounting for 90.1% of all absorption. Cheap Flagyl no rx, Contributing to the absorption total is Francesca’s Collection’s 217,869-square-foot move in at ClayPoint Distribution Park, JDF Distribution’s 234,000-square-foot lease at 1641 Gillingham, and Sutong Tire’s 99, generic Flagyl,840-square-foot lease at Satsuma Distribution Center.
Properties classified as manufacturing are reporting the lowest vacancy rate of 5.2%, with crane-ready buildings still in short supply. Flagyl from canada, Properties classified as warehouse/distribution represent about 75.8% of the total market.
Rental rates have increased marginally during the last four quarters, with this quarter’s quoted, weighted averaged annual rental rate of $5.62 per square foot higher than the $5.34 rate recorded a year ago. Sublease space has not fluctuated much during the last two years, with 1.7 million square feet reported in the second quarter, which represents a slight drop from the first quarter but about the same from a year ago, Purchase Flagyl.
Construction activity is still brisk, Flagyl without prescription, with smaller, single-tenant buildings leading the way. Currently, Flagyl australia, uk, us, usa, 39 buildings in 32 projects totaling about 2.3 million square feet are under construction, with 24 of those projects ranging in size from 12,000 to 57,000 square feet. All but five projects will be completed in 2012, with 17 properties slated for completion in the third quarter. By comparison, the first half of the year recorded completions of 24 buildings totaling 1.8 million square feet, which surpasses last year’s total square footage completed of 1.7 million square feet in 30 buildings.
Patsy Fretwell is a senior market analyst with Commercial Gateway and has more than 20 years of experience in real estate market research. She can be reached at firstname.lastname@example.org. .
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