Sep 18, 2018
Houston Industrial MarketView 2Q 2018
HOUSTON – Second quarter 2018 marks the eighth consecutive year of positive absorption for the local industrial market.Net-occupier demand was 1.2 million sf last quarter, bringing the year-to-date absorption total...
HOUSTON – Second quarter 2018 marks the eighth consecutive year of positive absorption for the local industrial market.
Net-occupier demand was 1.2 million sf last quarter, bringing the year-to-date absorption total to 4.8 million sf.
The construction pipeline grew by 3.6 million sf in new starts over the quarter to reach 10.7 million sf of new industrial and flex product currently underway.
Vacancy rates decreased 5 basis points, and availability rates during the same period decreased 60 basis points.
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