CBRE: Robust demand tightens industrial availability

​HOUSTON – Net occupier demand in fourth quarter 2017 totaled over 1 million sf, driven by occupier expansions and new tenant move-ins, according to CBRE’s Houston Industrial 4Q 2017 report.

Total direct vacant space decreased by 800,000 sf over 3Q 2017, while total availability decreased by 3 million sf, as both direct and sublease offerings were consumed.​

Pipeline growth in 4Q 2017 was similar to 3Q 2017, as an additional 3.3 million sf of ground was broken, primarily in the Northwest and Southeast submarkets.

Given the uptick in user requirements and pipeline timing, tightening is expected through the first half of 2018.​