Historical Industrial Market Statistics 2010–2017
HOUSTON – CBRE has released its Houston Industrial MarketView
Second Quarter 2017 report.
Net occupier demand measuring 425,137 sf was driven in large part by a 1 million sf of delivered preleased space.
Activity in the North submarket was relatively flat, while the Northwest saw 376,052 sf of positive net absorption.
New deliveries of 1.5 million sf added over 500,000 sf of vacant space to the market; however, market wide vacancy rates have remained below 6 percent for 24 consecutive quarters.
Strong demographic growth in the Bayou City, coupled with an employment recovery that—per expert forecasts—may add between 60,000 and 70,000 jobs to the economy in 2017, should sustain robust demand for retail, ecommerce, and logistic distribution networks into the foreseeable future.
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