CBRE: Houston industrial market's record numbers 2014CBRE: Houston industrial market's record numbers 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18412015-01-30T14:15:00Z2015-01-30T07:45:00Z

HOUSTON - The Houston area absorbed a record-breaking 8.1 million sf of industrial space in 2014, according to CBRE's fourth quarter 2014 report.

In 2014, nearly 12 million sf of industrial space was delivered to the market, the highest since 2008. The past quarter was the 15th consecutive quarter of positive absorption at 2.2 million sf.

Much of the recent industrial activity involves distribution. In October 2014, a 400,000-sf warehouse for Houston-based Silver Eagle Distributors, Anheuser-Busch's biggest U.S. distributor, was completed.

A big project underway is Aldi's new 650,000-sf division headquarters and distribution center that's slated to open in early 2016 in Rosenberg.

Dallas-based Crow Holdings Industrial has broken ground on a 415,000-sf Class A industrial park, Apex Distribution Center, on Tanner Rd. near Beltway 8, on the site of New Jersey-based Goya Foods' former manufacturing site.

Houston Industrial Market Statistics 4Q 2014*
Market Rentable
Area SF
4Q Net
2014 Net
Avg. Asking
Northwest 133,718,928 3.9% 468,712 1,880,729 3,501,971 0.78
North 77,566,092 8.5% 551,112 1,907,599 2,251,284 0.71
Southeast 75,697,565 5.0% 647,309 1,766,981 1,241,888 0.68
Southwest 61,059,279 5.6% 104,649 653,856 1,122,926 0.78
CBD 52,582,252 4.8% 176,922 404,611 0 0.53
Total** 474,015,067 5.0% 2,216,488 2,216,488 8,392,470 0.67

*Ranked by market rentable area.
**Totals are based on all submarkets. Only top five of the seven submarkets are shown.

Click here to see the full Industrial 4Q 2014 report from CBRE.

tags: Houston industrial, Houston Industrial Data

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2015/01/houstons-industrial-market-had-record-numbers-in.htmlRead more at {Source}

 Search NewsTalk Texas