| NGKF industrial look at Houston and Texas submarkets | NGKF industrial look at Houston and Texas submarkets | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14327 | 2016-09-09T05:00:00Z | 2016-09-08T19:00:00Z |  HOUSTON - Newmark Grubb Knight Frank (NGKF) has released its 2Q 2016 industrial market report. In the Houston market, vacancy has remained low despite a new wave of supply due to a healthy demand.
Demand for storage space comes from expanding web-based retailers and also from store-based retailers that need to adjust their supply chains to support a growing share of web-based sales. The Houston Chronicle reports that Amazon plans to build an 855,000-sf warehouse in the 970-acre Pinto Business Park at the southwest corner of I-45 N and Beltway 8. Amazon's proposed $136 million facility, which would be separate from the company's Prime Now facility in Humble, could bring 1,000 jobs to the area and an economic impact of $173.0 million annually. 
| Newmark Grubb Knight Frank
| Houston-The Woodlands-Sugar Land
| Industrial
| https://assets.recenter.tamu.edu/Documents/MktResearch/Houston-industrial-NGKF-2Q2016.pdf | | | See more reports at Houston's Industrial Market Research. See Newmark Grubb Knight Frank's 2Q 2016 Retail Market Report. See Newmark Grubb Knight Frank's 2Q 2016 Office Market Report. | Read more at {Source} |
