Retail Rush: IKEA distribution center tip of the icebergRetail Rush: IKEA distribution center tip of the iceberghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=130552016-05-03T05:00:00Z2016-05-03T21:00:00Z

​​​​BAYTOWN - The new 1 million-sf IKEA distribution center planned for the TGS Cedar Port Industrial Park near Baytown is a sign of things to come.

At a recent CBRE press luncheon, Faron Wiley of CBRE’s industrial division says Houston has come of age in retail distribution space.

For years, Dallas has been the major warehouse/distribution hub for the entire region. But Houston growth has elevated Houston in retailer’s logistics plans, Wiley says.

“Houston has become a market that’s too big to be serviced from 200 miles away (in Dallas),” Wiley says.

Aldi, a grocer that recently entering the Houston market, just completed construction on a 650,000-sf distribution center in Rosenberg on the Houston’s southwest side.

Overall, the Houston industrial real estate market is strong, Wiley says, although sublease supply has edged up a bit in the northwest and north sectors of the city due to softness in manufacturing related to the energy industry.

“Our numbers aren’t bad and I don’t think they are going to get bad,” Wiley says.

The vacancy rate for Houston industrial space stood at 4.9 percent at the end of the first quarter, CBRE reports.

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