KBR Will Stay Downtown and Expand
January 27, 2010
By: Nancy Sarnoff

KBR has given up on plans to build an office campus near Katy and will expand downtown instead. ...

... While the expansion is coming at a time when demand for new space has declined, “what's more meaningful is we're not losing a high-profile, significant corporate citizen from downtown Houston to the far west suburbs,” said Steve Biegel, executive vice president, and co-branch manager for the Studley real estate firm in Houston.

The overall availability rate for office space in the Central Business District was 15.8 percent last quarter, up from 11.2 percent a year earlier, according to Studley research. ...

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