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Industrial Market

Industrial Market. Houston’s. Keynote Speaker: Mark Nicholas, SIOR Senior Vice President. September, 2009. Houston Industrial Market: Then and Now. Houston Industrial Market: Then and Now. Commercial Real Estate Lending Outlook.

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Industrial Market

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  1. Industrial Market Houston’s Keynote Speaker: Mark Nicholas, SIOR Senior Vice President September, 2009

  2. Houston Industrial Market: Then and Now

  3. Houston Industrial Market: Then and Now

  4. Commercial Real Estate Lending Outlook • Not all banks are lending - must speak with many • Will still do non-recourse but will require a higher down payment; rate will be from 6.5 – 8.0% • Subject to financial strength of client • All banks want long-term relationship – business, real estate, FFE, etc.

  5. Houston Industrial Real Estate Outlook • Asking rents continue to fall • The gap between asking rents and effective rents is widening • With demand weak through at least the end of the year, concession packages will continue to be lucrative • Tenants can relocate from a Class B to a Class A building for the same rate • Good credit • Longer term commitment (i.e. 7-10 years) • 2010 (2nd half) will likely show increase in activity for Build-to-Suits and Design-Builds for reasons as follows: • Pent up demand from 4th Quarter 2008 - 1st Quarter 2010 • Lack of existing product that meets long-term needs of credit companies • Developers with 'shovel ready' sites are well positioned to deliver inside 9-10 months • Energy Service Companies: • 225,000/SF Under Construction in West Houston • 165,000/sf Completed Lease transaction in May 2009 in East Houston • 77,000/Sf Build To Suit Completed September 2009 in North Houston

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