Houston remains the major market aberration in the ongoing recovery across the U.S. commercial real estate market. The unexpectedly long duration of lower oil and gas prices has long since curtailed growth in the once market-leading economy, which has made investors in public REITs with exposure to the big Texas energy market nervous.
The oil price plunge that hit a year ago has so far spoiled the performance of industrial, multifamily and hotel segments more so than the office and retail segments. And now publicly held REITs in each property sector are trying to decide whether to pare their exposure to the market, or shift their leasing strategies while they decide whether or not to ride out the latest cycle.
Read more...CRE Investors Ponder If Now is Best Time To Exit Houston - CoStar Group
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