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Q2 2017 Houston Industrial Research & Forecast Report

07/28/2017
Published By: Lisa Bridges

Houston’s industrial market sees continued growth on the east side due to boom in petrochemical industry

During the first half of 2017, 3.0M SF of Houston’s industrial
inventory was absorbed, all occurring during the first quarter.
Second quarter absorption was close to zero, posting only -13,100
SF.


The average vacancy rate increased 20 basis points over the
quarter from 5.3% in to 5.5%. A little over 1.5M SF of new product
delivered during the second quarter, bringing the mid-year new
inventory total to over 5M SF. There is currently 4.2M SF under
construction and 77.2% is pre-leased. Most of the leased space
under construction are build-to-suit projects for companies such as
Amazon, FedEx, Katoen Natie and Vinmar International.
In addition to the Industrial distribution and warehouse space
under construction, two large petrochemical plants have been
announced in recent months. Brazil-based Braskem announced...click here to visit our website and view the complete report.

Release Date07/28/2017 - 11:58

Source

Colliers International

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