Expiring leases pose next big risk for Houston office space

[BeerNut]

Expiring leases pose next big risk for Houston office space

 

Lots of consolidation still to come in O&G

[H-Town Man]

1 hour ago, BeerNut said:

Expiring leases pose next big risk for Houston office space

 

Lots of consolidation still to come in O&G

 

I don't think this means consolidation for energy companies but rather loan defaults for office landlords. We have the worst office market in the country right now.

 

[BeerNut]

Oh I just meant that companies are continuing to layoff people, move personnel, etc.  Making the problem worse for landlords.

[jgriff]

We're also looking for ways to permanently

reduce real estate footprint. There will be a LOT of work from home in the future of my company. That main driver behind it is reducing office space permanently.

[UtterlyUrban]

9 hours ago, jgriff said:

We're also looking for ways to permanently

reduce real estate footprint. There will be a LOT of work from home in the future of my company. That main driver behind it is reducing office space permanently.

Despite the moves of several high profile companies lately to "reign in or restrict" work from home policies, I think that there continues to be a strong push from companies wanting to use it as a way to eliminate (or reduce) office lease expenses.  

[brian0123]

23 hours ago, UtterlyUrban said:

Despite the moves of several high profile companies lately to "reign in or restrict" work from home policies, I think that there continues to be a strong push from companies wanting to use it as a way to eliminate (or reduce) office lease expenses.  

I work in the TMC and we have a big work-from-home population due to space. Either use it to see a patient to keep the lights on or pay someone to occupy it and reduce space available to see patients. Kind of a no brainier.

Edited August 7, 2017 by brian0123