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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=130552016-05-03T05:00:00Z

​​​​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.

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
http://realtynewsreport.com/2016/05/02/retail-rush-new-1-million-sf-ikea-distribution-center-may-be-tip-of-the-iceberg-for-retailers-warehouses/

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