Oct 10, 2017
Houston’s industrial market looks north
The submarket housed more than 40 percent of the 3Q net absorption in the industrial market.
Total vacancy for all industrial properties in Houston fell to 4.9 percent, and JLL said the north submarket was assisted by landlords lowering rents to fill vacant space.
Houston’s industrial construction pipeline fell for the sixth consecutive quarter which has helped keep availability down.
Houston industrial submarkets by size:
- Northwest—118.9 million sf;
- Southeast—78 million sf;
- North—68 million sf;
- Central Business District—45 million sf; and
South—36 million sf
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