281.367.2220 info@jbeardcompany.com Mon – Fri: 8:30 AM – 5:30 PM Facebook-f Twitter Linkedin Home User Which Tenants are paying rent during COVID-19? Share on facebook Share on twitter Share on linkedin For the last two months, retailers have been hit the hardest with temporary closings. Clearly essential retailers, such as grocery stores, are making rent, but even well capitalized national tenants are struggling to pay rent. March 2020 over February 2020 Retail Sales SOURCE: U.S. CENSUS April 2020 over March 2020 Variance in Rent Collections SOURCE: DATEX PROPERTY SOLUTIONS April 2020 over March 2020 Rent Collections SOURCE: DATEX PROPERTY SOLUTIONS DOWNLOAD REPORT Subscribe to our Newsletter To learn more about The J. Beard Real Estate Company. Share this post Share on facebook Share on twitter Share on linkedin Share on pinterest Share on email SERVICES Landlord Representation Commercial Property for Sale Buyer & Site Acquisition Tenant Representation Property Management Development & Consulting Commercial Real Estate Investment News & Insights Projects News Blog Newsletter about Why J. Beard Real Estate Company Company Team Community & Industry Involvement Client Testimonials Contact Connect with us TREC Information about brokerage services TREC Consumer Protection Notice Terms of Service Privacy Policy Facebook-f Twitter Linkedin Home […]
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Ribbon-cutting ceremony at the Woodforest National Bank in Conroe, Texas
281.367.2220 info@jbeardcompany.com Mon – Fri: 8:30 AM – 5:30 PM Facebook-f Twitter Linkedin Home User Share on facebook Share on twitter Share on linkedin What an evening of delicious food and festivities celebrating the remodel of Woodforest National Bank! It was quite the who’s who of bankers, community leaders and local friends. Congratulations to the team at Woodforest for a wonderful evening! Jay Dreibelbis, President and Chief Executive Officer of Woodforest National Bank, gave a nice speech at the ceremony. The newly re-modeled bank, located at 3101 W. Davis Street in Conroe has 5,734 square feet of office space available for lease. Ryan Hutson is the leasing agent for this listing. For more information please visit the property here. Please contact us to discover how The J. Beard Real Estate Company can help you in selling your commercial real estate property. Call us at 281-367-2220 or complete our Contact Us form and someone will contact you back within one business day. Subscribe to our Newsletter To receive similar articles and learn more about The J. Beard Real Estate Company. Share this post Share on facebook Share on twitter Share on linkedin Share on pinterest Share on email SERVICES Landlord Representation Commercial Property for Sale […]
ICSC 2020 Red River States Retail Recap
281.367.2220 info@jbeardcompany.com Mon – Fri: 8:30 AM – 5:30 PM Facebook-f Twitter Linkedin Home User Share on facebook Share on twitter Share on linkedin Each year at ICSC, the J. Beard team feels it’s beneficial to get face time with the other retail participants within our market, thus, identifying opportunities for our clients. Starting this year is no exception as the J. Beard team kicked off 2020 with a bang at the ICSC Red River States Retail Conference & Deal Making in FT. Worth, Texas. The event was bursting with energy and patriotism featuring Robert O’ Neill, a former Navy Seal, as the keynote speaker who provided special insight on being prepared, eliminating stress, and maintaining a never quit attitude. Mr. O’ Neill, a part of Operation Neptune Spear, is a true hero and a great American! Robert detailed some of the sacrifices our military and servicemen give up daily to keep Americans living the life of freedom. The team caught up with him the evening he spoke and was reminded of how grateful we are to all the men and women who serve our country. The smaller/condensed event this year allowed our leasing agents a chance to cut through […]
State of The Class A Office Market in The Woodlands
281.367.2220 info@jbeardcompany.com Mon – Fri: 8:30 AM – 5:30 PM Facebook-f Twitter Linkedin Home User Share on facebook Share on twitter Share on linkedin The Howard Hughes Corporation recently made news in The Woodlands’ office submarket with their acquisition of the two former Anadarko Towers, known as the Allison and Hackett Towers, which total approximately 1.36 million square feet. As part of the transaction, Occidental Petroleum intends to occupy the entirety of the 808,000 square feet in the Allison Tower under a 13-year leaseback which makes the building a non-owner singletenant occupied building. However; the larger impact to the submarket fundamentals will be the 550,000 square feet in the Hackett Tower which will be made available for direct lease. As a result of this event, the total available class A space in The Woodlands has increased to nearly 1.9 million square feet which is an increase of 45% when compared to the previous quarter. While the impact on supply is important to understand, the greater question will be related to the demand in the market and the velocity in which occupancy returns to its most recent level. The previous 24-month net absorption prior to the introduction of this new space […]
The J. Beard 3Q19 Industrial Market Snapshot
281.367.2220 info@jbeardcompany.com Mon – Fri: 8:30 AM – 5:30 PM Facebook-f Twitter Linkedin Home User Share on facebook Share on twitter Share on linkedin The Houston metro-are industrial market continued its run of positive net absorption in the third quarter of this year, although at lower net gains when compared to previous quarters as new deliveries and an increase in sublease space outpaced demand. According, vacancy levels rose through the market to 6.6% from 6.0% in the second quarter of 2019. However, strong positive absorption of almost 6.3 million square feet over the past 12 months ranks Houston in the top 10 among the nation’s metro markets. Area population growth, coupled with an improved unemployment rate (3.9% in Aug. ’19 from 4.4% in Aug, ’18), is spurring the additional 18.6 million square feet of mostly speculative logistics developments currently under construction, as developers look to capitalize on increased demand for distribution and warehouse facilities in the e-commerce supply chain. While the delivery of these projects most likely spell an increase in the market’s overall vacancy rate in the near term, optimism on sustained demand for individual space with higher clear heights and green features could see Houston’s industrial market continue […]
The J. Beard 2Q19 Office Market Trends | Greater Houston Area
The J. Beard 2Q19 Office Data Report shows an uptick of vacant % in Class A Office product, supporting the notion that tenants have the upper hand in this cycle, leveraging the soft market in the Greater Houston Area. Available office space in The Woodlands hits its highest level since 2017, surpassing the 2 million sq ft mark. Over 311,000 sq ft of office space has been put back on the market over the last 12 months. The J. Beard team is always looking to increase their market knowledge to ensure our clients receive the most up-to-date local market insight, knowledge and expertise from our dedicated team of brokers. Click to view our office listings located in the Greater Houston Area.
The J. Beard 2Q19 Retail Market Snapshot | Greater Houston Area
The J. Beard 2Q19 Retail Market Snapshot reported Montgomery County leading in the retail race as the most active sub-market for 2Q19 in the Greater Houston Area. Montgomery County is among the top 10 nationwide counties when ranked by population percentage growth. The J. Beard team is always looking to increase their market knowledge to ensure our clients receive the most up-to-date local market insight, knowledge and expertise from our dedicated team of brokers. Click to view our retail listings located in Montgomery County and across the Greater Houston Area www.jbeardcompany/services.
THEY’RE BACK! | SUMMER 2019 INTERNS
They’re Back! Every summer, The J. Beard Real Estate Company offers opportunities for students to intern and gain experience in the CRE industry. Our current interns, Shelby and Noah are learning the ropes in multiple aspects of the business. Shelby will be a sophomore Marketing major at Baylor University fall of 2019. This is Shelby’s second summer interning at The J. Beard Real Estate Company, she loves working with the different social media platforms and coming up with new ideas to showcase the personal and professional aspects of the company. Noah will be a junior at Sam Houston State University this fall of 2019 with a major in Business Administration. This is Noah’s first summer interning with the J. Beard Real Estate Team, and he feels it is extremely beneficial for his future. Noah values this firsthand experience working with the team on new aspects and projects every day. Check out last summer’s internship team here: https://www.jbeardcompany.com/meet-interns-summer-2018-j-beard-company/ The J. Beard team is always looking to increase their market knowledge to ensure our clients receive the most up-to-date local market insight, knowledge and expertise from our dedicated team of brokers. Click to view the services that The J.Beard Real Estate Company […]
ICSC 2019 RECON RECAP | LAS VEGAS, NV
The J. Beard Real Estate team attended the 2019 ICSC RECon in Vegas May 19-22 and felt the tenant reps and retailers were very eager to talk about possibilities in our market area! Members on the team had a few takeaways from the event, highlighted in the short video and below. [wonderplugin_video videotype=”mp4″ mp4=”https://www.jbeardcompany.com/wp-content/uploads/2019/05/JB-ICSC-RECON-VEGAS-2019.mp4″ videowidth=600 videoheight=400 keepaspectratio=1 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.jbeardcompany.com/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”] The J. Beard Real Estate Retail Team 2019 ICSC RECon Recap…. Retailers offering value, health services, fitness, food and beverage are buzzing for space There was a big push from experiential retailers because more consumers are wanting a chance to buy an experience rather than just an object or service Increased activity in the last 5 years for new landlord based companies and spin-off retail Decreased activity for institutional, big box and REIT retail Exceptional speakers! CNBC Personality Marcus Lemonis and WeWork Partner Julie Rice to Keynote ICSC’s RECon 2019 Regional and National Deal Making events are a one-stop for education, networking and deal making. This two-to-three day regional event provides opportunities to gain information about the most current industry issues, and meet and make deals with colleagues doing business in the same region. The J. Beard […]
The J. Beard Real Estate company sponsored the Rotary Club’s “Evening of Elegance” event honoring Michael and Vicki Richmond for their major contributions to The Woodlands community throughout the past 35 plus years.
All proceeds benefited the Rotary House, a Non Profit focused on providing patients in one of our five area Woodlands Hospitals a secure and affordable place to stay while seeking treatments. We were inspired by the speeches given by Judy Olson and heartfelt video created by Denton Florian showcasing many long-time colleagues of Michael and Vicki Richmond, including Jeff Beard. [vplayer id=3607] Rotary House is a Community Service provided by The Woodlands Rotary Club to out-of-town families and patients receiving extended medical treatment in the Woodlands Area. Rotary House currently serves patients of: CHI St. Luke’s Hospital Conroe Regional Medical Center Memorial Hermann Medical Center Methodist Hospital The Woodlands Texas Children’s Hospital The Woodlands MD Anderson Treatment Center Members of the Rotary Club of The Woodlands live by the Rotary Motto “Service Above Self” through its numerous service projects in Montgomery County. Founded in 1975, the Rotary Club supports numerous service projects, such as: Scholarships for high school seniors and Lone Star College (Montgomery) The Montgomery County Food Bank and fairs Worldwide Polio Eradication International Youth Exchange Disaster response and recovery Teacher Appreciation At The J. Beard Real Estate Company, we provide comprehensive commercial real estate services. Whether you need […]
