|CBRE: Houston Industrial MarketView 3Q 2017||CBRE: Houston Industrial MarketView 3Q 2017||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18117||2017-10-24T05:00:00Z||2017-10-24T20:00:00Z|
HOUSTON – CBRE has released the third quarter 2017 Houston Industrial MarketView report.
Interested in submarkets? Then this report is for you!
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.
|CBRE||Houston-The Woodlands-Sugar Land||Industrial|| https://assets.recenter.tamu.edu/documents/mktresearch/Houston_CBRE_Industrial_MarketView.pdf|
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