Houston’s industrial sector stays strong amid oil slump Houston’s industrial sector stays strong amid oil slump https://www.recenter.tamu.edu/news/newstalk-texas/?Item=139252016-07-22T05:00:00Z2016-07-22T17:00:00Z

​​HOUSTON - The industrial sector of Houston has seen more than 2 million sf of space taken over in the first two quarters of the year, despite headwinds from the oil collapse. 

Although these numbers are up, national perception of Houston as strictly an oil town has resulted in lowered rents across the board, including industrial, and more concessions from owners, according to data from Transwestern.

Transwestern's Darryl Noon said the southeast market for industrial is thriving because of the Port of Houston and the concentration of petrochemical activities there. 

He said the northern part of the region is overbuilt and growth is slower there.​

"There may be a slowdown, but we aren't seeing negative numbers yet," he said. 

Houston Chronicle
Houston-The Woodlands-Sugar Land

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