Q3 2024 North Houston Commercial Real Estate Market Report
To no one’s surprise, the Federal Reserve (finally) cut its policy rate on September 18, 2024 However, what caught many observers off guard was the size of the cut – a significant 50 basis points, reducing the Federal funds target rate from 5.25-5.5% down to 4.75-5.0%. The Fed also released projections for key economic indicators, including the future Federal funds rate. By the end of 2024, the median projection is 4.4%, and it’s expected to drop further to 3.4% by the end of 2025, settling at 2.9% in the long term.
But what does this mean for the real estate market, specifically the commercial sector? Read hyperlocal insights from Robert Fiederlein the North Houston District’s Vice President, Planning & Infrastructure in our latest Market Report.
Whether you’re an investor, developer, or business owner, our reports deliver key data on vacancy rates, market rents, and new developments—all tailored to the unique conditions of the North Houston District. We conduct these reports to empower stakeholders with the knowledge they need to make informed decisions in one of Houston’s fastest-evolving commercial hubs. Read more!