NAI: Bayou City industrial construction surgesNAI: Bayou City industrial construction surgeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=207502018-08-01T05:00:00Z2018-08-01T23:00:00Z

​​​​​NAI Houston's 2Q 2018 Houston Industrial Market Report – Market Indicators.HOUSTON – According to NAI Partners’ "2Q 2018 Houston Industrial Market Report," regional industrial development has reached levels since 2015.​

Development soars as vacancy increases marginally

  • Houston’s overall industrial vacancy rate grew to 5.4 percent in 2Q 2018, an increase of 20 basis points over the quarter. 
  • The development pipeline is at levels not seen in over two years—12.4 million sf, compared to the all-time recorded high of 15 million sf in 2Q 2015. 

Houston industrial and economic indicators reflect positive outlook

  • In May 2018, a landmark 3.1 million workers were on payrolls throughout the region, according to the Texas Workforce Commission. ​
  • Houston’s unadjusted unemployment rate was 4.2 percent in May 2018, down from 4.8 percent in May 2017. 
  • In addition, the Houston-Galveston Customs District handled $92.3 billion in trade through May 2018, up 17.4 percent year over ​​​year.
NAI Partners
Houston-The Woodlands-Sugar Land

See ​also: Houston-The Woodlands-Sugar Land Industrial Market Research​.

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