CRE

Queensbury Theatre, located in the shadow of CityCentre, hosted the Bisnow State of the Market event earlier this month. Jing attended to hear Houston development experts share their perspectives on the office, multifamily, retail, industrial, and mixed-use asset classes. Three PRISM clients were on the panel. All the speakers shared optimism about the growth potential in the Houston market.

Speakers included Travis Overall, EVP Brookfield Properties; Philip Morgan, CEO of The Morgan Group; Austin Alvis, President of NewQuest Properties; Charlie Meyer, President of Lovett Industrial; and Larry Sloan, EVP of Midway. Supply chain challenges, rising interest rates, inflation, and the energy industry were the main discussion points. Despite significant market changes over the past two years and upcoming challenges, all speakers remain bullish on their business growth and the Houston market. The substantial population and job growth data points, large capital inflow, and non-volatile fundamentals support their positive outlook.