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Houston industrial sales strongHouston industrial sales stronghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=184902017-12-01T06:00:00Z2017-12-01T17:00:00Z

​​​​​​​​​​​​HOUSTON –​​ Industrial sales are up 127 percent since last year, according to a November report by NAI Partners.

So far this year, $984 million in industrial sales have been recorded. ​Institutional investors have accounted for 38 percent of the deals. Twelve percent of the buyers were REITs, and 10 percent were foreign investors.

NAI reports the​ largest transaction of the year was Pure Industrial REIT’s $63.5 million purchase of the one million-sf IKEA Distribution Center in Baytown.

Around 6.4 million sf has been absorbed year-to-date, and the current vacancy rate is 5.5 percent.

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
http://realtynewsreport.com/2017/11/30/sales-up-127-percent-in-evolving-houston-sector/Read more at {Source}

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