JLL President Bellow Says Houston Will Recover Quickly

The transcript discusses Houston's rapid recovery from Hurricane Harvey, highlighting the resilience of its business community and the impact on the real estate market. It outlines the pre-Harvey state of commercial real estate, the changes brought by the storm, and the need for future flood mitigation. The community and government response is praised, with a focus on planning for better preparedness in the future.

How did Houston's businesses initially respond to Hurricane Harvey?

• By closing down operations indefinitely

• By increasing product prices

• By quickly engaging in charity and supporting employees

• By relocating to other cities

What percentage of businesses in Houston were operational shortly after Hurricane Harvey?

• 100%

• 70%

• 50%

• 90%

Which sector of Houston's real estate market was most affected by the energy crisis before Harvey?

• Industrial

• Office

• Residential

• Retail

What impact did Hurricane Harvey have on the multifamily housing market in Houston?

• It led to new constructions

• It filled up vacancies

• It caused a price drop

• It decreased demand

What is a key factor in Houston's rapid growth over the years?

• High taxes

• Limited industrial activity

• Light regulations

• Strict zoning laws

What is the main challenge for Houston's future planning post-Harvey?

• Lack of public transport

• Increasing population

• Declining business investments

• 48 inches of rain in 48 hours

How did Houston's leadership respond to the crisis caused by Hurricane Harvey?

• They were criticized for inaction

• They were praised for their efforts

• They ignored the situation

• They focused only on business recovery