Mar 15, 2016
DFW, Houston moving ‘Big-Box’ 2016 market
DALLAS-FORT WORTH, HOUSTON - Early activity indicates that 2016 will be another strong year for occupier demand for big-box industrial real estate, according to Colliers U.S. Big-Box Market Report 2016...
DALLAS-FORT WORTH, HOUSTON – Early activity indicates that 2016 will be another strong year for occupier demand for big-box industrial real estate, according to Colliers U.S. Big-Box Market Report 2016 Outlook.
Colliers defines a big box building as a 300,000 sf or larger industrial building that is primarily used for distribution with ceiling heights of 28’ clear or greater and being pre-cast or tilt-up concrete construction.
Big-box construction activity continues to expand:
- 9.8 million sf of new big-box construction is underway in the Dallas market and 9.3 million sf of new big-box development was completed during 2015.
- 6.2 million sf of new big-box construction is underway in the Houston market and 1.8 million sf of new big-box development was completed during 2015.
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