JLL: 1Q 2018 Houston big-box distribution forecastJLL: 1Q 2018 Houston big-box distribution forecasthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197712018-04-16T05:00:00Z2018-04-16T22:25:00Z

​​​​​​​​Fundamentals Forecast YTD net absorption 1,036,881 s.f. ▲ QTD net absorption 1,036,881 s.f. ▲ Under construction 6,665,102 s.f. ▲ Total vacancy 4.8% ▶ Average asking rent (NNN) $6.10 p.s.f. ▶ Tenant improvements Stable ▶HOUSTON – As of f​irst quarter 2018, it's all about big-box development in the industrial market.​

According to JLL's Houston Industrial 1Q 2018 report​, there is approximately 6.7 million sf currently under construction.

Houston’s big three submarkets—the northwest, north, and southeast—dominated 1Q 2018 leasing and construction activity. 

​Together, they accounted for more than 77 percent of leasing activity and more than 90 percent of construction activity.

Speculative construction made up around 70 percent of new development in the last two quarters.​

Houston-The Woodlands-Sugar Land

Check ​out more Houston-The Woodlands-Sugar Land Industrial Market Research​.

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