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NATIONAL SURVEY REVEALS COMMERCIAL REAL STATE TRENDS IN HOUSTON A national survey from Black's Guide, which compiles data for commercial real estate brokers, owners, developers, property managers and tenants, reveals trends about the Texas commercial real estate market: - - - - - - - - "City of Houston permitting department" -- Houston property manager. "An excess of current construction in far north Dallas and a looming presence of construction in Uptown. Feels like the '80s all over again!" -- Dallas broker "Erratic Dallas marketplace. Equity Office is pulling out of Dallas/Fort Worth for this reason." -- Dallas broker Nationwide, 89 percent of commercial real estate professionals participating in the survey say they feel confident that business will be as good or better in the next six months as in the prior six months. This confidence follows a half-decade slump in the commercial real estate industry. "The results of our first CRE Trends Survey demonstrate that the commercial real estate industry is experiencing signs of consistent growth after a sluggish five years," says Ed Barnes, vice president and general manager of Black's Guide. "Commercial real estate professionals are back into problem-solving mode ... looking for the kind of creative solutions and high-quality information that gets deals done." The survey found that certain markets had a decidedly more optimistic industry outlook than others. Orlando , Fla. , is the most optimistic city of those surveyed: 51 percent of Orlando 's respondents anticipated their average current space requirement to increase in the coming six months Denver had the second most positive outlook with 50 percent anticipating an increase. In third place was Tampa , Fla. , with 45 percent of respondents predicting an increase. The two Florida cities both also cited an increase in average space requirements over the past six months.

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