Tag: houston commercial real estate outlook
Have we seen the end of lender funded speculative commercial development?
June 20th, 2010, No Comments
The late 1990’s and especially 2003-2007 experienced an unbridled push of retail, office and industrial speculative development. Lenders were handing out non-recourse money on projects which, to any experienced commercial broker, had little chance of success. The immediate reward of development and loan fees along with short term interest put blinders on banks and investors and [...]
Commercial Construction pricing down 25%…
January 28th, 2010, 1 Comment
Several major, local Houston area warehouse construction projects rebid since the summer have come back at 22% to 27% less than the original bids. These quotes are for industrial, metal warehousefacilities over 50,000 SF with no interior finish. Office build-out costs seem to only be down about 15 – 18% over the same period.
Major drops in concrete [...]
