Texas industrial strength: 158 warehouses underway

HOUSTON – Texas is in the midst of a warehouse boom, CBRE Research reports 158 large industrial buildings were under construction in the state during second quarter 2015.

Houston, riding the wave of a petrochemical growth, has 10.2 million sf underway.

Dallas, a major retail distribution hub, leads the way with 14 million sf of industrial space under construction, CBRE reported.

Strong job growth and population gains fuel the industrial real estate market in the Lone Star State, which has 1.4 billion sf of warehouse, distribution and industrial space.

The construction totals do not include the recently completed Amazon e-commerce distribution facility, a 1.2 million-sf project where 450 are employed and 350 more will be hired, CBRE reported.

Click to see the full CBRE Houston Industrial 2Q 2015 report. Stay tuned for CBRE’s Texas Industrial Report 2Q 2015