NAI Partners: Industrial & Retail Strong in Q1, Office Picking Up

Houston continues doing well across commercial real estate sectors, according to experts from NAI Partners. During a recent Q1 2019  press briefing, managing partner Jon Silberman indicated a strong year for the company, while executives focused on the following.

• Dan Boyles indicated that, while office remains a tenant’s market, “anecdotally . . . office activity is starting to feel like it’s picking back up.” Meanwhile, Jim Tainter said landlord clients are bullish on Houston.

• Clay Pritchett said industrial occupancy has been below 6% for 30 consecutive quarters, with distribution product in high demand. “I expect it’s only a matter of time until we see an industrial spec building cross the one-million-square-foot threshold,” Pritchett noted.

• For retail, Jason Gains noted consistent occupancy and developers who “have learned to police themselves with regards to overbuilding.”

• The NAI Investment Fund, is on its Fund III, and is seeking out office, industrial and retail acquisitions in Austin, Dallas and San Antonio, according to Andrew Pappas.

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