Energy Sector Consolidations Impact Houston Office Market!
Bill Rapp, CRE BrokerPublished on: 28/06/2024
Last year saw a staggering $207 billion in oil and gas company consolidations, the highest since 2012. This year, an additional $55 billion in mergers and acquisitions (M&A) have already taken place, according to JLL data. This trend is poised to temporarily reduce the office demand in Houston, a market that recorded a 25.8% vacancy rate in the first quarter.
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