May 15, 2017
Houston market solid, resilient in 1Q 2017
HOUSTON – The industrial sector has remained resilient throughout the energy downturn, and continues to perform solidly through first quarter 2017, according to Transwestern's Houston Industrial 1Q 2017 Report.Net absorption...
HOUSTON – The industrial sector has remained resilient throughout the energy downturn, and continues to perform solidly through first quarter 2017, according to Transwestern’s Houston Industrial 1Q 2017 Report.
Net absorption for 1Q 2017 totaled approximately 1.9 million sf, down slightly from 4Q 2016 absorption of 2.1 million sf.
The overall industrial vacancy rate (including sublet) ended 1Q 2017 at 5.1 percent, up marginally from 4.9 percent at 4Q 2016 with direct vacancy recording 4.9 percent in 1Q 2017, up from 4.6 percent in 4Q 2016.
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