Saturday, December 30, 2006

Year to date Absorption

Year to date Net Absorption is up 3.9 million sq ft represents healthy market activity bolstered by strong job growth for the whole Houston SMSA. Estimated gains in new jobs should be around 66,900 +/- pushing employment down to4.7% from 5.8% at this time last year. The city's job growth rate of 2.8% is stronger than the nations 1.35% and the State Texas at 2.2%. Look for a much stonger "Landlord's" market in 2007. For more information visit our web site at: www.houstonrealtyadvisors.net

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