Last week, we talked about how market tightness is putting pressure on tenants and limiting flexibility. This week, we’re seeing another layer of that reality take shape—new supply isn’t coming to the rescue.
What's happening:
New office construction in The Woodlands is extremely limited, and most new projects across the Houston metro are being pre-leased before delivery.
What it means for tenants:
▪️You cannot rely on future development to create options
▪️Supply will not materially improve in the near term
▪️Existing inventory is where decisions are being made
Many tenants assume new buildings will create leverage.
In this market, that assumption can put you behind 😨