HOUSTON – Big-box groundbreakings during fourth quarter 2017 help to reverse a six-quarter decline in construction volume, according the JLL’s Industrial 4Q 2017 report.
As vacancy and availability remain tight, large blocks of existing space are limited, and major users are having to start the site selection process with land searches.
Construction activity reversed course in 4Q 2107 with five new buildings breaking ground and 4.6 million sf currently under construction.
Consumer goods and logistics companies continue to drive much of the demand for Houston industrial product.
Check out JLL's Houston Office and Retail Insight and Statistics 4Q2017 reports.
Click here for more Houston Industrial Market Research.
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