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Q1 2018 Downtown Houston Market Report

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Q1 2018 . Downtown Houston Market Report Q1 The Downtown real estate Market continues to be very active and on the road to recovery. KEY HIGHLIGHTS The year is off to a busy start with one office building sale listing (1001 McKinney), two major planned office tower renovations (Bank of America Center, Houston Center (4 buildings)), 220. New residential units two hotels (AC Hotel by Marriott, Hyatt Place Hotel) and two residential properties (Marlowe, Camden Downtown ) under construction; one completed residential property (1711 Caroline), and the announcement of a new park planned for southern Downtown . Although robust leas- opened in Q1. ing activity in 2017 significantly reduced the Downtown sublease space, sublease inventory remains significant and increased in the first quarter with Hess Corporation's addition of 7. new retailers 123,000-SF (1501 McKinney), Halcon Resources' addition of 52,000-SF (Wells Fargo Plaza), EP Energy's addition of almost 32,000-SF (1001 Louisiana) to the sublease Market , among added in Q1 other factors.

Downtown Houston Market Report Q1 2018 3 Market Overview RESIDENTI aL 1711 Caroline, a 5-story, 220-unit mid-rise residential building by …

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