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Houston Gateway to industrial, office stats year-end 2014Houston Gateway to industrial, office stats year-end 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=16502015-02-24T15:44:00Z2015-02-24T10:00:00Z

HOUSTON - Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR), has released its area industrial and office reports for year-end 2014.

Houston Area Industrial Market Summary Year-End 2014*
Market
Area
Bldg.
SF**
Vacancy
Rate
Net Absorp.
YTD
Under
Const.
Wtd.
Avg.
Rent***
Northwest 135,083,980 5.7% 2,290,203 3,560,084 $8.05
Southeast 81,556,042 5.1% 1,956,977 730,157 $6.16
Northeast 70,064,308 9.2% 2,581,730 2,037,760 $7.88
Houston-Area
Total
406,955,376 5.8% 8,997,304 7,932,542 $7.78

*Top three markets ranked by SF.
**Includes all general-purpose existing industrial buildings 10,000 sf or larger.
***Rental rates are weighted and averaged based on available space.

Houston Area Office Market Summary Year-End 2014*
Market
Area
Bldg.
SF**
Vacancy
Rate
Net Absorp.
YTD
Under
Const.
Wtd.
Avg.
Rent***
Suburban 162,896,194 12.0% 5,614,286 15,890,296 $23.31
CBD 40,627,042 8.2% 132,299 1,525,000 $35.09
Uptown 28,861,676 11.1% 512,544 1,377,824 $31.48
Houston-Area
Total
203,523,236 11.3% 5,746,585 17,415,296 $25.17

*Top three markets ranked by SF.
**Includes all general-purpose existing office buildings 20,000 sf or larger.
***Rental rates are weighted and averaged based on available space.

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Source: Commercial Gateway

Houston Association of Realtors
Houston-The Woodlands-Sugar Land
Industrial
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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