Blog：Duelling neighbours

hile Houston’s glut of office space may be of concern for local officials, they can take heart that things are not yet as bad as they are in neighbouring Dallas.
That sprawling north-Texas metropolis recently showed that a whole one-fifth of its office space is waiting for new tenants.
Houston, on the other hand, has seen its vacancy rates rise to around 9% in the downtown area, and industry experts expect the surplus to rise to about 12%-13% later this year.
Beyond that, however, Houston’s fortunes may equal those of its northern neighbour.
Real estate experts expect vacancy rates to hit 20% by the end of 2003.
But Houston can also take heart that it remains a desirable relocation destination.

Tags: neighbours

This entry was posted on Tuesday, September 29th, 2009 at 7:20 pm and is filed under news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.