| Park Air blasts Houston submarket sky-high | Park Air blasts Houston submarket sky-high | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19166 | 2018-02-20T06:00:00Z | 2018-02-20T22:55:00Z |  HOUSTON – The northeast Houston industrial market is getting a new industrial development—Park Air 59, which will have 700,000 sf at build-out.
And why not build?
The northeast submarket closed 2017 with a vacancy rate of 2.9 percent, JLL reported. The northeast industrial submarket had no new industrial space deliver in 2017.
Houston has seen a notable rise in the number of big box developments and deliveries. According to JLL research, there were 12 big-box warehouse distribution projects that either delivered or were under construction in 2017. This represents a 20 percent increase year-over-year and a 140 percent increase in big box deals over 2015 totals.
Transwestern's 4Q 2017 Industrial Market reported the Houston Northeast submarket with vacancy of 2.8 percent.
| Realty News Report
| Houston-The Woodlands-Sugar Land
| Industrial
| http://realtynewsreport.com/2018/02/15/northeast-industrial-comeback-700000-sf-on-the-way/ | | | See: Transwestern's Industrial Submarket Data 4Q 2017.
See the latest Houston Industrial Market data.
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