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Houston 3Q 2015 industrial snapshot Cushman & WakefieldHouston 3Q 2015 industrial snapshot Cushman & Wakefieldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=109132015-10-27T05:00:00Z2015-10-27T16:00:00Z

​​​​HOUSTON - The industrial market continued to perform solidly, despite the energy downturn, according to Cushman & Wakefield's Marketbeat Industrial Snapshot Third Quarter 2015​.​

Overall vacancy remains at historically low levels, although 2015 has seen a small uptick in vacant sublease space. 

Absorption stayed posit​ive for the year, with 4.8 million sf year to date. 

Areas with new completions such as the North, Southeast, and Northwest are showing the strongest activity, with pre-leasing of around 40 percent accounting for most of the positive absorption.

Leasing activity has remained strong for the year, on track to slightly surpass last year, while sales activity has already exceeded 2014, with investor sales especially increasing by 26.8 percent compared to this time in 2014.

Industrial still remains tied to the energy sector in the upcoming year.

The primary weakness for industrial is in the manufacturing sector, which has lost more than 10,000 jobs year-over-year. 

New construction has remained subdued, allowing time to absorb new space, with only 8.2 million sf expected to be completed by the end of 2015 and another 8.6 million sf in 2016. 

Across all new construction from 2015 to 2016 slightly more than 40 percent is pre-leased, historically a high figure that will lessen the impact of new space entering the market.

Cushman & Wakefield
Houston-The Woodlands-Sugar Land
Industrial
https://assets.recenter.tamu.edu/documents/mktresearch/Houston_Cushman_Wakefield_Industrial.pdf

​Looking for more data on Houston's industrial market​? Check out Market Research here.

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