CBRE: Houston Industrial MarketView 3Q 2017CBRE: Houston Industrial MarketView 3Q 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=181172017-10-24T05:00:00Z2017-10-24T20:00:00Z

​​​HOUSTON – CBRE has released ​​the third quarter 2017 Houston Industrial MarketView report​. ​

Interested in submarkets? Then this report is for you!​

Key Highlights:

Demand rises, vacant square footage falls
  • Net occupier demand increased quarter-over-quarter to 2.5 million sf.
  • The North and Southeast submarkets saw the heaviest activity, each clocking over 1 million sf of net absorption. 
  • The delivery of a large build-to-suit project in the North submarket and port-driven activity in the Southeast were the largest constituents of demand.
Vacancy falls even as 3 million sf delivers 
  • Deliveries for 3Q 2017 added over 3 million sf to the market, of which 83 percent was delivered preleased. 
  • Despite the delivery of over 500,000 sf of vacant space, overall vacant-sf declined over 2Q 2017, with vacancy rates falling by 10 basis points.
Ground broken doubles 
  • Even as over 3 million sf delivered, under construction volume expanded modestly as almost 3.1 million sf of new projects broke ground. 
  • The Southeast and Northwest captured the majority of this activity, with a notable uptick in spec project starts.
Houston-The Woodlands-Sugar Land

​See more industrial quarterly reports under AustinDFW​, Houston ​and San Antonio​

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