Register Real Estate Advisors

HOUSTON (Houston Business Journal) – H-Town’s industrial market had a negative direct absorption of 1.4 million sf between January and September 2010, according to data released yesterday by Cushman & Wakefield of Texas Inc.

 The year-to-date figure represents a 9.4 percent direct vacancy rate for Houston’s industrial market, which consists of 343 million sf.

 During the first nine months of 2009, Cushman & Wakefield reported a negative direct absorption rate of 2.5 million sf, nearly double the 2010 figure.

 A total of 808,696 sf was delivered during the first three quarters of this year. By comparison, 4.2 million sf was built during the same period in 2009.

Why not? I listed a home on Alp Springs last week and this week it’s already shown. Buyers are out there looking year ’round. This time of year, only serious buyers are out there looking because if they’re not serious, they don’t have time to look at houses! If you have lived in your home for more than five years, you will qualify for the $6,500 tax credit if you buy your next home before the deadline next April. It’s an excellent time to sell. Call me today to see what absorption rates are in your neighborhood and what price you can expect to get for your home. Let’s get it on the market and get it SOLD! My marketing plan works even in a down market. I have proven results!