Houston’s commercial real estate market is recovering and reforming

This year is ending much differently in commercial real estate than it started. Deals, designs and development all reflect the new normal of post-pandemic business as commercial building owners and tenants proceed cautiously and protect against future risks.

The local office market had yielded almost -3 million square feet in net absorption through the third quarter, according to CBRE’s Houston Office Marketview. The construction pipeline had also dwindled, shrinking to 4 million square feet…