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Here’s Why Office Tenants in Downtown Houston Are Migrating West
COSTAR writes:
“Some Businesses Head to the Suburbs in a Post-Pandemic Shift
More businesses in downtown Houston are headed to the western suburbs, a shift some commercial real estate professionals see as a flight to quality outside downtown and others consider an opportunity to redefine an important part of the nation’s fourth-biggest city.
Multinational chemical company LyondellBasell is the latest major company with plans to leave downtown as dozens of others move to areas surrounding Houston rather than the central business district. Even business boosters acknowledge the shift has left downtown struggling because “a lot of people are moving west and north, away” from the central business district, according to Steve Triolet, senior vice president of research and market forecasting at national commercial real estate firm Partners in Dallas.”
Read more in the article below:
costar.com
Here's Why Office Tenants in Downtown Houston Are Migrating West
Some Businesses Head to the Suburbs in a Post-Pandemic Shift
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