• Economics

    End of February hospitality update

    by  • March 4, 2012 • CRE, Economics, General

    Quick update on hospitality – which seems to be regressing a bit from an optimistic start of the year to a moderate growth from 2011. More specifically, at the national level occupancy grew 2.3% YoY (for the week ending dFeb 25th) to an average of 61%, the average daily rate grew 4.6% to $103.84 and […]

    Read more →

    Looking again at office by class

    by  • February 17, 2012 • CRE, Economics

    Since we addressed leasing activity and net absorption of the office classes last week – I thought it would be interesting to see how lease deal volume and rents compared on a quarterly basis. I had initially run deal volume against leasing activity to verify that they tracked, and they actually match up seamlessly across […]

    Read more →

    Houston hospitality update

    by  • February 10, 2012 • CRE, Economics

    I wanted to post a quick update on hospitality recovery. The 2012 occupancy rate seems to have settled between 2011s improvement and the pre-recession (2000 to 2007) median occupancy rate – a 5.5% y-o-y improvement. All things considered, that is still good news. But what’s better is that RevPAR (revenue per available room) is up […]

    Read more →

    Houston office market health by class

    by  • February 10, 2012 • CRE, Economics

    Often when we talk about the office space market we group classes together. And of course we all know that the classes, especially between A and B are subjective – there is an A that should be a solid B, or a B that should be an A. But more often than not, the market […]

    Read more →