What Is Houston's Outlook After Hurricane Harvey?

Wednesday, November 8, 2017

Hurricane Harvey, which hit Houston as Tropical Storm Harvey, was the largest rain event in U.S. history. HFF’s Houston office carefully analyzed data to most accurately depict the damage caused by Harvey to Houston. The report, which you may access here, covers damage to the office, multi-housing and single-family residential sectors and demonstrates that the damage proved to be less than previously thought as well as confined to certain areas.

Meanwhile, HFF’s transaction activity in Houston remains robust, having closed 4.4 million square feet of transactions across a range of platforms since August 31, 2017, with 9.9 million square feet of transactions currently in closing or under contract. The HFF Houston office stands ready to provide the professional service to which you have grown accustomed, and we are available to answer any questions you may have relating to conditions across the city. We also remain committed to each other and our community.

For questions or comments, please reach out to Justin Boyar, associate director of research, or Melissa Nicks, senior research analyst.

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