HOUSTON (Houston Business Journal <http://houston.bizjournals.com/houston/stories/2009/12/14/daily7.html> ) – Houston is the top Texas market for distressed commercial real estate by total property investment volume, according to Real Capital Analytics Inc.
Overall, Houston had 211 troubled assets valued at $4.8 billion as of Dec. 3.
The city’s apartment sector had 85 troubled assets, valued at $1.12 billion. Retail had 67 distressed properties valued at $1.05 billion, and hotel had 22 properties valued at $188 million. The office sector had the least number of distressed properties — 19 — but those totaled $2.4 billion.
Dallas–Fort Worth was second in the state, with $4.4 billion in distressed properties.
Nationwide, Houston ranked ninth.
Real Capital ranks the cities by the estimated dollar value of the distressed assets compared with the size of each market. It bases market activity on the total transaction volume in each market from the past four years.
