John Nicholson, Executive Vice President of Development at Avera, recently participated in a breakfast forum, The Houston Commercial Real Estate Markets – What’s Ahead for 2017, hosted by BoyarMiller and held at the Briar Club.
Nicholson represented the industrial sector, sharing the stage with Jonathan Brinsden, CEO of Midway, who represented the mixed use/office sector, and Allen Crosswell, Managing Principal of NewQuest Crosswell, who represented the retail sector.
Nicholson shared insight with the audience regarding the current state of the industrial real estate market, and what can be expected in 2017. He predicted that the market would remain healthy, with Houston ranked number 10 in top U.S. industrial markets, ranked by absorption. There is continued demand for sites near the Port of Houston, with tonnage volume continuing to increase year over year.
Nicholson went on to mention that many users are looking to Baytown as an attractive option due to lack of available land on the south side of the Houston Ship Channel. The demand for distribution parks will also continue, as many pursue the Amazon model of same-day delivery options.
Please click the link on the right side of the web page to view a complete summary of the event.