Texas developers continue to build offices, even though office-vacancy rates are high.
That's because Texas developers build too much.
Even with those numbers, Eckert told the Journal that new office completions in Texas eclipsed every other market.
Part of that cleansing is converting office buildings into something new , giving them a chance at a new lease on life.
Overall, Eckert isn't worried about the office vacancies in Texas, as that is just one data point that doesn't tell the whole story.
Persons:
—, Manny Garcia, Thomas LaSalvia, Jeff Eckert, JLL's, Houston —, Brandon Bell, Houston's, Eckert, JLL, Eckert isn't, it's
Organizations:
Service, Lone Star State, Wall Street, Moody's, Texas —, Houston
Locations:
Texas, California . Texas, Texas — Austin, Dallas, Austin , Texas, Springs, Dallas , Texas