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  • Does CPI Reflect Your Real Cost Of Living?

    So, what is the real rate of inflation? There’s a statistical service that calculates CPI in the fashion utilized both prior to the Reagan Administration change and prior to the Clinton Administration changes: Shadow Government Statistics ( Its calculation for October 2014, utilizing the pre-Reagan methodology...

  • Rising commercial property valuations might drive businesses out of Houston, group says

    The Texas Building Owners and Managers Association has launched a statewide initiative urging legislators to reform how property across the state is appraised.

  • Tallest Office Buildings in the World

    Recently, we ran down the largest buildings in the world in terms of usable space sorted by volume. Now, we take a look at the lofty structures that keep the globe’s great cities growing taller and taller. Office buildings are leading the way. In fact, nine of the 10 tallest buildings in the world house office space.

  • The State of CRE Tech

    My friend Pierce Neinken, the founder of CRE Tech Intersect, a biannual, bicoastal technology symposium, was kind enough to send me this report, CRE TECH 2014 State of the Market Report.

  • As If You Needed It, Further Proof That Houston Is So Much Bigger Than Most Cities

    Houstonians live in a really big city. We know that people know that, but thanks to an intrepid Reddit user, we now have a succinct visual shorthand for just how big the city really is: Namely, these maps, which overlay the 88 miles of Beltway 8 on top of a number of other major world cities.

  • Build-To-Suit Office Space

    A build-to-suit lease is an alternative that allows the user or tenant to design and customize a new facility to meet the enterprise’s unique space needs without the large up-front capital expenditure that comes with building and owning.

  • Houston Economic Update

    Lower Energy Prices Soften 2015 Outlook. The Houston commercial real estate market has been on an extended run thanks primarily to high energy prices and a drilling boom.

  • Fed Beige Book: COmmercial Real Estate Activity in Many Districts

    National Economic Activity Continued to Expand in October and November. Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand in October and November.

  • Texas Office Market Update - 3Q 2014

    Healthy Texas Economy Boosts National Office Market. The headline in the Colliers International 3Q 2014 North American Office Market Report reads, “Tech, Sunbelt Office Markets Lead Broad Recovery” and it isn’t too difficult to find an office market indicator for one of the major Texas office markets that support this assumption.

  • Real Estate: Let's Get Strategic

    Taking a strategic approach to real estate management can yield improved business performance.

  • Top Posts for November

    In case you missed them, below are links to the most popular posts from The Tenant Advisor in November 2014

  • Cajun-fusion late-night restaurant expands to suburbs

    Houston-based BB's Cafe, a so-called "Tex-Orleans" restaurant known for its mean po'boys and Louisiana-style gumbo, is making its first expansion into the suburbs with a new Katy location.

  • Economic Trends focus of 2015 conference in The Woodlands

    As job growth in The Woodlands continues to increase rapidly and commercial real estate builders have recently finished work on 1.2 million square feet of office space, local leaders are planning the area's 29th annual Economic Outlook Conference. Business and community leaders will meet to discuss area economic trends during the Feb. 20 conference hosted by The Woodlands Area Chamber of Commerce at The Woodlands Waterway Marriott Hotel and Convention Center.

  • What Houston's airports will look like with Uber and Lyft

    One of the taxi industry's biggest gripes with ridesharing companies, such as San Francisco-based Uber and Lyft, is an invasion on the most lucrative part of the business: airports. For cab drivers, airports represent a revolving door of revenue stream. Pull in, transport your passenger, earn your fare, repeat. The thousands of passengers that come in and out of Houston's two major airports create a reliable cash cow for drivers.

  • Houston's CRE Market

    Houston Q3-2014 CRE Market Reports Investors selected Houston as the top city for commercial real estate investment in 2015 in the annual Emerging Trends in Real Estate forecast by PwC US and the Urban Land Institute (ULI). All sectors of the Houston CRE market are performing at strong levels. Below you will find links to the most recent Colliers International | Houston market reports for Office, Industrial and Retail.

  • Houston becomes undisputed U.S. leader in real estate boom

    Houston was handed the enviable ranking as the top market to watch on a widely read report released last week on the U.S. commercial real estate industry. "You have an economic boom, you have job creation, and when you have job creation, you have demand for everything real estate," said Mitch Roschelle, partner and U.S. real estate advisory practice leader at PricewaterhouseCoopers, which co-published the report with the Urban Land Institute.

  • North American Office Market Report - 3Q 2014

    Tech, Sunbelt Office Markets Are Leading Broad Recovery Colliers International released is Q3 North American Office Market Report and It was another solid performance for the North American office market, with improvements in both the U.S. and Canadian markets.

  • 2014 Global Retail Report

    A Rising Tide Stirs Cautiously Optimistic Markets Colliers International’s latest Global Retail Highlights report looks at 125 key shopping districts in 50 countries, offering insights into current performance and trends for the near future. A major theme running through this year’s report is that luxury retail continues to show strong growth and is serving as the impetus for growth across several sectors.

  • World's Coolest Offices 2014

    Welcome to the fourth annual Inc. World's Coolest Offices. These are some of the most awe-inspiring, spectacular, and just straight-up useful office spaces in the world--and they've all been completed within the past three years. While you'll notice that a couple of the winners are massive company headquarters, with brilliantly--and subtly--integrated branding, elaborate fixures, and sweeping views, you'll also notice that several of the winners built out their stunning offices on a much more constrained budget.

  • Will Lower Energy Prices Cool off the Houston Economy and the Office Market?

    Houston Economic Indicators – November 2014 The blistering Houston economy has created a boom for Houston office space construction. Office space is leasing up quickly in Texas and rents are appreciating and healthy levels. However, will lower energy prices cool off the Houston Economy? Lower energy prices have not slowed down US oil producers just yet.

  • This Week in the Economy

    Stocks Up for 4th Straight Week All three major stock indexes finished the week with gains. The tech heavy Nasdaq finished up 1.21% for the week. The Dow advanced 0.35% and the S&P 500 gained 0.39% for the week.

  • As Offices Gradually Fill Up, Cranes Start to Appear

    Slowly but surely, U.S. office construction is on the rise. For much of the six years since the economy tumbled in 2008, office developers haven’t been very busy. Save for the occasional city with a booming industry – led by Houston and Silicon Valley— new office construction has been sparse. But that’s been changing, particularly over the past year-and-a-half, numbers from the Census Bureau released last week show.

  • Why are Office Rents Rising the Fastest?

    Looking at the Q3 2014 rankings of the U.S. and Canadian office markets tracked by Colliers International in terms of rent growth, Houston leads North American markets for CBD Class A Office inventory. One interesting note: San Francisco and all of the East Bay and South Bay office markets ranked among the top 10 in terms of year-over-year Class A rent growth, including Suburban Oakland and Pleasanton/Tri-Valley ranking first and second, respectively, among all suburban markets.

  • Top 11 Commercial Real Estate Marketing Trends for 2015

    It’s an exciting time for commercial real estate marketing as industry players up the ante, from real estate firms to landlords, and marketers to technology providers. No matter the tactics, techniques and tools coming our way in 2015, you can be sure they will turn the industry on its head. In a really good way.

  • Houston economy ranked top in US and 40th worldwide

    The Brookings Global MetroMonitor has released it's 2011-2012 ranking of the largest 300 metropolitan economies worldwide, and Houston ranks the highest amongst United States cities. Houston moved up to 40 from its 2007-2011 of 194. "Houston has partially recovered from a major recession," the Brookings Institute said. "It is outperforming the United States on employment change, but is lagging on GDP per capita change." Houston has had a 1.7 percent GDP per capita increase and a 3.3 percent increase in employment. The city's total GPD is $399.7 billion.

  • Private Practice Vs. Hospital Employee: How Doctors' Decisions Affect Real Estate

    Things have changed for physicians since the “good ol’ days” of just a few years ago. Their income has been greatly affected by reduced reimbursements by Medicare, Medicaid and insurance companies. The Affordable Care Act is putting the spotlight on return on investment (ROI) by scrutinizing costs while increasing care for patients, and doctors are discovering they will be penalized if they don’t purchase software and equipment in order to convert to new electronic health records.

  • Three things you didn't know about Twitter

    Twitter is one of the world’s leading sources of news and trending thought, but it’s frequently misunderstood. It’s often dinged as the least-intuitive social network and it is often the last to be adopted by business users. Newbies to social media are apprehensive about embracing the platform for business: Communicating in 140 characters or less is a challenge to even the pithiest among us. And Twitter — with its handles and hashtags, acronyms and abbreviations — is cryptic to first-time users. For the uninitiated, learning to use Twitter is not unlike drinking from a fire hose of information.

  • Houston’s CRE Market Gains National Notoriety

    Investors selected Houston as the top city for commercial real estate investment in 2015 in the annual Emerging Trends in Real Estate forecast by PwC US and the Urban Land Institute (ULI). All sectors of the Houston CRE market are performing at strong levels. Below you will find links to the most recent Colliers International | Houston market reports for Office, Industrial and Retail.

  • Confident Capital Moves Up the Risk Curve

    Colliers International today released its benchmark 2015 Global Investor Sentiment Report. Globally, 67% of investors are looking to expand their portfolios and increase investment. This year’s survey once again highlighted a preference for local investment. Three quarters of global investors invested only in their macro-region in the last 12 months, and 74% will continue to do so in the next 12 months.

  • Life is 2064: Urban, Longer, Maybe Neverending

    That an octopus called Paul had a better success rate than Goldman Sachs when predicting World Cup results (credit to the Wall Street Journal for the headline “Octopus Beats Vampire Squid”) tells you something about the wisdom of guessing the future in public. Guessing what the world will look like in 50 years’ time, however, is pretty safe, as I won’t be here to see myself proved wrong. Or will I?

  • Tech, Sun Belt Office Markets Lead Broad Recovery

    It was another solid performance for the North American office market in Q3 2014, with improvements in both the U.S. and Canadian markets. The U.S. vacancy rate was down another 22 basis points to 13.46%, the lowest level since Q2 2008. In a reversal of the trend in recent quarters, the Canadian vacancy rate also decreased, as the amount of new space coming on line slowed.

  • League City Announces Plans for Cabela’s in the I-45 Corridor

    The City of League City and Pinnacle Development Group have partnered to bring a very unique retailer to League City. Cabela's Incorporated, the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced their plan to build a 72,000 square-foot store in the Pinnacle Park Development at I-45 near Big League Dreams Parkway in League City.

  • New Texas rules will allow crowdfunded real estate investments for all starting next month, at up to $5K a pop

    LAST WEEK, after a vote of the State Securities Board, Texas became the lucky 13th state to allow equity crowdfunding. Jumping the gun on nationwide rules authorized in 2012 but still not put in place by the SEC, the new statewide setup will allow companies to raise up to $1 million a year through approved “portals,” or crowdfunding websites. Any Texan will be able to invest up to $5,000 per company, but qualified investors (individuals with assets of more than $1 million — minus their home — and $200K in annual net income) will be able to invest any amount.

  • Colliers Global HQ announces new CRE business blog, Insights

    Insights will cover anything and everything impacted by commercial real estate. We also aim to inform, entertain, and inspire you along the way. Please let us know what you think, and share this post with your colleagues to help spread the word!

  • Battle of the Upstarts: Houston vs. San Francisco

    The energy and tech capitals of the U.S., Houston and San Francisco have little in common, but in the coming decades they are likely to become America’s dominant cities.

  • Blog - The Glass Half Full

    10 things you might not know about Houston - 2. Average weekly wage in Harris County in the fourth quarter of 2013 was $1,316 - 31.6% above the U.S. average, according to the U.S. Bureau of Labor Statistics. (Self-employed persons were not included in the data.)

  • Trends in Healthcare Real Estate

    The Texas Medical Center (TMC) - the world's largest medical center - represents one of Houston's major economic drivers and core industries with an estimated regional annual economic impact of $15 billion. TMC is also one of Houston's largest employers with 106,000 employees, including physicians, scientists, researchers and other advanced degree professionals in the life sciences.

  • Historic Weingarten mansion complex goes on sale for $2.2 million - as a complete restoration project

    Whether it's sold to buyers willing to take on a complete restoration project or to developers hoping to build multiple homes on the property, the old Weingarten mansion and the surrounding acreage in the historic Riverside Terrace neighborhood are up for grabs at $2,250,000.

  • Here's how to create a workspace that empowers your people and business

    Amidst the constant debate about workplace design and the merits of cubicles and open-office layouts, it's imperative we don't lose sight of the fact that there are proven strategies to help organizations create workplaces that both empower people and transform business. Leaders truly seeking to strengthen their business need to leverage workplaces as tools to improve their organization.

  • The Nuances of Leasing Medical Office Space

    Medical office space users and physician practices don't typically relocate to new buildings as often as general office tenants. However, the competition for new patients is increasingly steering physician practices to non-hospital campus properties as they seek more conveniently accessible locations for their patient base.

  • Retail vacancy falls to new low

    The amount of available space in Houston-area shopping centers fell to a record low in the second quarter as retailers like Whole Foods Market, Kroger and Conn's Appliances opened new locations. The average citywide vacancy rate fell to 6.3%, down from 6.8% a year ago, reaching a new low, according to a quarterly market report from commercial real estate firm Colliers International.

  • Houston's 6.3% Retail Vacancy Rate at a Record Low

    Houston's retail market posted 1.2M SF of positive net absorption in the second quarter. Some of the tenants who opened new locations during the quarter include Whole Foods Market, Kroger Marketplace, Conn's Appliances, Horse & Rider, Vinyard Vines, Trina Turks, Brucettes Shoes and Harbor Freight Tools.

  • A Booming Office Market Accelerates Construction Costs in Houston

    Kirksey Architects just released its annual office construction cost update on office buildings, parking structures and corporate interiors which is an annual poll of leading contractors to update current market conditions. Houston contains by far the largest among of new office space construction under way among U.S. markets.

  • Gimme Back my Office

    There are no shortage of opinions about the future of office space. Some think the need for office space will eventually go away, which I say is hogwash. However, there is no dispute that office space allocations for employees are shrinking as corporate office space users have focused on cost control in recent years. Some companies, design firms and office providers are now of the opinion that we have taken space efficiency too far.

  • Houston Industrial Market Report | Q2 2014

    Houston's industrial market remains one of the healthiest U.S. industrial markets, its continued expansion sustained primarily due to the growth in the oil and gas industry. Texas is expected to produce more oil and gas than all but one of the OPEC nations in 2014 due to the booming Eagle Ford Shale and Permian Basin, and Houston's industrial real estate market will benefit from that rapidly increasing production.

  • The biggest business in Texas - and 49 other states: Costco is even more powerful than you think

    It's no surprise that Exxon Mobil is the leading corporation in Texas, General Motors in Michigan and Walmart in Arkansas, but what about the other 47 states? A map by telecommunications firm Broadview Networks reveals the largest companies in each state based on revenue and there are definitely some surprises.

  • Top 5 Commercial Real Estate Blogs

    The Internet certainly isn't crumbling under the weight of supporting an egregious number of real estate related blogs. Given the general tech-resistant sentiments that the many members of the industry hold, it's surprising there actually are a decent amount of blogs out there, but when the delineation between quantity and quality needs to be made, there are only a few that really stand out.

  • Men's Wearhouse eyes major expansion following merger

    The Men's Wearhouse, Inc. (NYSE: MW) plans to open 100 new stores over the next three years, according to Stifel Nicolaus analyst Richard Jaffe. In a research note issued after Men's Wearhouse's first quarter earnings conference call on June 5, Jaffe said the new outlets will be in addition to the 670 stores the Houston-based retailer has now.

  • CRE Adrenaline Junkies, Part 2

    Colliers co-chairman Bob Parsley's wife wanted to celebrate her 50th birthday by skydiving, and over a few margaritas at El Patio, Bob also invited her 78-year-old mother to join. Bob's oldest daughter got involved, so three generations of Parsleys jumped together (with their favorite priest... with such precious cargo. Bob thought they might need extra blessings). Since then, pretty much Bob's whole family has gone, and Bob says the memories are particularly sweet since his mother-in-law passed away two years ago.

  • This Week in the Economy

    All three indexes finishing in positive territory for the week, led by the Nasdaq's gain of 1.36%. The Dow added 0.67% and the S&P 500 advanced 1.21%. For the month, the S&P 500 was up over 2%, ending at 1,923.5. The Nasdaq added 3.1% in May. The Dow was up to 1.10% for the month finishing at a record high of 16,717.

  • Meet Houston's most powerful energy publis cos.

    The highest-ranking Houston company on the Forbes list has major real estate projects underway in the Energy Corridor. The company preleased 1.2 million square feet in Energy Corridor Three and Four, which are being developed by Trammel Crow. ConocoPhillips signed a 12-year lease for full occupancy of both buildings.

  • Death of the Office? I don't think so, but...

    Today, the cloud has become impossible to ignore. While we're always hearing about how technology is going to change everything, it now seems that innovative approaches to how we live, work and play are having a drastic impact on everyday life.

  • Taking a Back Seat to Texas

    The most important news recently to hit Southern California did not involve the heinous Donald Sterling, but Toyota's decision to pull its U.S. headquarters out of the Los Angeles region in favor of greater Dallas. This is part of an ongoing process of disinvestment in the L.A. region, particularly among industrially related companies, that could presage a further weakening of the state's middle class economy.

  • Chart of the day: California vx. Texas in one chart

    The chart displays 1-unit housing starts for the entire state of California and the Houston metro area annually from 2011-2013 and year-to-date through March for 2014. During the period from January 2011 to March 2014, there have been slightly more single-family housing starts in Houston (95,037) than in California for the entire state (94,993).

  • America's oil surge leaving Alaska in the dust

    America's oil boom has the Texas tea flowing, whole new towns being built in North Dakota and, for the first time in decades, the U.S. producing more crude than it imports. But Alaska, a state known for its vast oil resources and pro-drilling politics, is being left in the dust of this new oil surge.

  • Houston The City With No Limits

    The Greater Houston Partnership unveiled a new community image campaign today that highlights the vibrancy of the Houston region and its position as a great place to live and work. The campaign evolved from the collaborative effort of the GHP Image Task Force led by Jamey Rootes, President of the Houston Texans.

  • Texas Continues To Lead The Shale Oil & Gas Revolution

    Almost lost in all the news about the federal government “shutdown” (which has somehow left 83% of the government funded and functioning) over the last week are several new reports regarding the ongoing massive oil and natural gas Shale Revolution in the United States, and the role Texas is playing in making it happen. Since I make it a policy never to miss an opportunity to expound on the benefits of this revolution, or to brag about Texas in general, I thought I’d roll these stories out here.

  • Houston and other Texas metros top Forbes fastest growing cities list

    Houston and two other Texas metros top Forbes’ list of “America’s 20 Fastest Growing Cities.” Austin took the top spot for the third year in a row, followed by Houston and Dallas. Data from the U.S. Census Bureau shows more than 427,000 people moved to Texas between August 2011 and July 2012, Forbes reports.

  • Houston economy ranked top in US and 40th worldwide

    The Brookings Global MetroMonitor has released it's 2011-2012 ranking of the largest 300 metropolitan economies worldwide, and Houston ranks the highest amongst United States cities. Houston moved up to 40 from its 2007-2011 of 194. "Houston has partially recovered from a major recession," the Brookings Institute said. "It is outperforming the United States on employment change, but is lagging on GDP per capita change." Houston has had a 1.7 percent GDP per capita increase and a 3.3 percent increase in employment. The city's total GPD is $399.7 billion.

  • Joel Kotkin Advisory - The U.S. Cities Getting Smarter the Fastest

    It's a commonplace among pundits and economic developers that smart people flock to "smart" places like sparrows to Capistrano. Reflecting the conventional wisdom, The New York Times recently opined that "college graduates gravitate to places with many other college graduates and the atmosphere that creates." Yet an analysis of Census data shared with Forbes by demographer Wendell Cox tells a different story. In the past decade, the metropolitan areas that have enjoyed the fastest growth in their college-educated populations have not been the places known as hip, intellectual hotbeds. Perhaps the myth most devastated by the study, which looked at the change in the number of people with bachelor's degrees in the 51 largest metropolitan statistical areas from 2000-2010, is that there is, as the Atlantic's Derek Thompson has insisted, a "bipolar population shift" in which the educated go to the expensive blue regions while families and dummies (often conflated as the same thing) flock to the brain-dead reaches of the Sunbelt.

  • Texas has most rapidly growing cities

    Houston had the second-largest increase in population between April 2010 and July 2011, leading a nationwide list dominated by Texas cities.

  • While Rest Of U.S. Economy Plods, Houston Gets Hot

    Oil and gas drive the Houston economy and are responsible for 50% of the jobs related to the export of goods and services outside the area. But that’s gone way down over the past 30 years. Energy represented 87% in the early 1980s. That diversification helped Houston emerge from the recent recession faster than any other large U.S. city. Houston’s ­employment dropped 16 straight months from its peak in August 2008. Yet the carnage was much worse in other major metros like Riverside, Calif. (48 straight down months), Phoenix, Ariz. (38), Los Angeles (36) and Minneapolis (36). Houston and Washington, D.C. are the only major metros to have ­recovered all the jobs they lost in the recession.

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