Economic indicators like inflation, interest rates, and employment rates significantly shape the commercial real estate market. Inflation impacts construction costs and rents, interest rates affect financing and property values, and employment rates drive demand for office and retail spaces. Understanding these factors is essential for strategic decision-making and navigating market trends. https://lnkd.in/egHYmER7
Partners
Real Estate
Houston, Texas 23,390 followers
Partners is among the largest privately-held & independently-owned full-service commercial real estate firms in the U.S.
About us
Partners is among the largest privately-held & independently-owned full-service commercial real estate firms in the U.S. Partners was founded and is headquartered in Houston and has offices in San Antonio, Austin, Dallas, and Atlanta; employs more than 250 real estate professionals; and completes over 1,000 commercial lease and sale transactions every year. Partners is a full-service commercial real estate firm providing client solutions via its services business for Office, Industrial, Retail, Land, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Investment Sales, and Land Sales; Investor Services, which includes Property Management, Project Leasing, Project Management, and Facilities Management; Valuation Services, which includes Valuation & Advisory, Litigation & Expert Witness Testimony, Property Tax Consulting, and Institutional Fund Valuation; and Project Services, which includes Construction Management and Space Management; and creating value for its investors through its Investments line of business, which includes its Partners Capital investment management platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds; Partners Development, which focuses on creating first-class development projects for our investors; and Partners Finance, which operates as a registered broker dealer offering real estate investment opportunities through qualified and experienced commercial real estate sponsors. Partners is ranked on the Inc. 5000 list of fastest-growing private companies in America, and carries the unique dual designation of being recognized as the #1 company in Houston across all industries per the HBJ’s Best Places to Work (BPTW) competition and the #1 company in the Houston Chronicle’s Top Workplaces ranking. Visit us on the web at www.partnersrealestate.com
- Website
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www.partnersrealestate.com
External link for Partners
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- Houston, Texas
- Type
- Privately Held
- Founded
- 1997
- Specialties
- Commercial Real Estate, Property Management, Tenant Rep, Landlord Rep, Office, Industrial, Retail, Investments, Commercial Properties, and Real Estate Market Knowledge
Locations
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Primary
1360 Post Oak Blvd
1900
Houston, Texas 77056, US
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901 S Mo Pac Expy
Suite 550
Austin, Texas 78746, US
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1020 NE Loop 410
Suite 810
San Antonio, Texas 78209, US
Employees at Partners
Updates
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Partners’ Industrial Services professionals exceed industry standards by focusing on our relationships with our clients. Whether you’re an occupier, owner, or investor in Austin, San Antonio, Dallas, Houston, or Atlanta, Partners’ full-service commercial real estate services and investments platform empowers our professionals to leave no stone unturned in finding the very best solutions for our clients. Relationship driven. Results Oriented.
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Partners is pleased to announce our significant expansion into the Southeastern region of the U.S. This marks a critical step in our strategic growth plan and is our first expansion outside of Texas. Leading the Southeast business is veteran commercial real estate executive John F. O'Neill, III and Managing Partner, Southeast and Board member. In addition to opening an Atlanta office, Partners will also be expanding into the Carolinas, Nashville and across the Florida markets. If you're interested in learning more or joining our team, contact John O'Neill at john.oneill@partnersrealestate.com, Jon A. Silberman, CEO, at jon.silberman@partnersrealestate.com, or Travis L. Rodgers, CCIM, COO, at travis.rodgers@partnersrealestate.com. https://lnkd.in/gbn_Chmr
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The Houston industrial market experienced a rise in vacancy rates to 7.7% in Q2 2024, with net absorption increasing to 3.2 million sq. ft., up 32% from the previous quarter. Despite a slowdown in construction, leasing activity grew significantly, up 48% year-over-year. The market is shifting towards neutral conditions, with the construction pipeline decreasing by 60% from the previous year. Average rental rates remained at a record high of $0.79 per sq. ft., reflecting a healthy market with steady demand. Houston's economy showed robust job growth, particularly in education, health services, and leisure sectors, offsetting declines in energy production jobs. Despite inflation slowing, real wages increased, contributing to the city's overall economic resilience. The industrial market maintained positive net absorption for the 59th consecutive quarter, underlining its long-term stability. https://lnkd.in/g9nm-EWe
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Multiple IOS / stabilized land site opportunities are currently available at TGS Cedar Port Industrial Park in Baytown, TX. This prime industrial park offers a range of customizable sites suitable for various industrial and commercial needs, with access to essential infrastructure and strategic logistical advantages. Trans-Global Solutions, Inc. John Simons, Gray Gilbert, Chris Haro www.tgscedarport.com
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By the end of Q2 2024, Houston's office market experienced a vacancy rate increase to 26.3%, despite a positive net absorption of 402,024 sq. ft. This rise is attributed to 521,323 sq. ft. of new office space entering the market, with Class A properties seeing the majority of leasing activity. Average asking rates reached $30.25 per sq. ft., driven by high-quality assets achieving near-record rates, while Class B properties faced declines. Notable new leases and increased leasing velocity signal ongoing demand, even as the market adapts to economic shifts and evolving work patterns. https://lnkd.in/gBdr8kaH
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Please join us in congratulating Griff Bandy on his 20-year anniversary!
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Partners Capital today announced the successful disposition of 10849 & 10899 Kinghurst Drive, marking the first sale from its Investment Fund IV portfolio. The industrial/flex property was acquired in September 2022. The multi-tenant flex service center was 100% leased at sale features approximately 52,781 rentable square feet on 4.56 acres. Built in 1981, the all-brick facility is comprised of two small-bay light industrial buildings offering office space at the front and warehousing and loading at the back of each building. During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $500 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets. Prior to selling 10849 & 10899 Kinghurst Drive, Partners Capital completed the second acquisition in Opportunity Fund V by purchasing Old Town Spring Business Park. https://lnkd.in/ghqNE76a
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Partners today announced that Joan Collum has joined the company as a Partner. Joan, a seasoned retail broker specializing in retail leasing and tenant representation will be based in Partners’ Houston office. Over the past 30 years, Joan has exclusively represented major brands such as Michaels, Pier 1 Imports, Applebee’s, Office Depot, Bar Louie, La Madeleine, and Popeye’s in the Houston market. Currently, she continues to represent Office Depot and Floor and Décor. Additionally, Joan handles leasing responsibilities for her own developments, including Seguin Marketplace, 1242 Witte Road, and Tomball Marketplace, and sources development opportunities in Houston and South Texas markets. https://lnkd.in/gsZuk4JC
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"The vacancy rate for retail space is sitting at 4.1%, below the 5% threshold under which it is generally considered to be a landlord’s market, said Steve Triolet, Senior Vice President of Research and Market Forecasting at commercial real estate firm Partners. Average annual rent is $19.68 a square foot, the highest on record, he said. About 300,000 more square feet of space was vacated than was filled during the first quarter, with about 54,000 square feet of that tally stemming from a shuttered call center that was classified as a retail building. 'Mostly absorption is going into new product that’s being delivered, but there’s not much that is being delivered, so it’s kind of a catch-22,' Triolet said. 'There’s demand out there, but it’s not reflected as much in the absorption numbers because of the super tight vacancy rate.'" https://lnkd.in/g2PnM8du