{{titleBar.title}}

{{titleBar.tagline}}

 

 

Park Air blasts Houston submarket sky-highPark Air blasts Houston submarket sky-highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=191662018-02-20T06:00:00Z2018-02-20T22:55:00Z

​​​The northeast submarket closed the year with a vacancy rate of 2.8 percent, JLL reported​.  The northeast industrial submarket had no new industrial space deliver in 2017.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, J​LL 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​.

Read the full article at {Source}

 Search NewsTalk Texas