Harvey Likely to Weigh on Houston’s Commercial Property Market for Months - News Summed Up

Harvey Likely to Weigh on Houston’s Commercial Property Market for Months


Photo: David J. Phillip/Associated PressHouston’s office and retail real-estate markets are likely to get hurt by lost business in the weeks and months immediately following Hurricane Harvey. But some commercial property types may actually benefit in Harvey’s aftermath. Still commercial property owners, lenders and analysts already have begun to assess damage and analyze the impact on landlords and their lenders. Houston’s office market was hurting before Harvey because of problems in the energy sector, a big employer in the region. But like many other real-estate industry executives in the Houston area, Mr. Bridges had to address his personal situation first.


Source: Wall Street Journal August 29, 2017 18:33 UTC



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