HOUSTON – The northeast industrial submarket broke records in first quarter 2019, delivering 438,000 sf, with an additional 835,200 sf—the second-largest amount during a quarter—under construction.
According to NAI Partners, the market contains 37 million sf of inventory. Vacancies have been gradually rising due in part to new inventory delivering with vacant space.
The largest projects under construction include:
IKEA purchased just over 144 acres in Generation Park for between 1.2-1.5 million sf of distribution space.
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