NE Houston's industrial submarket breaking recordsNE Houston's industrial submarket breaking recordshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=225062019-05-15T05:00:00Z2019-05-16T02:00:00Z

​​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 l​argest projects under construction include:

  • the 150,000-sf warehouse at 8701 Miller Rd. 2 and SH 90; and 
  • the 124,800-sf Lockwood Business Park Building 2.

IKEA purchased just over 144 acres in Generation Park ​for between 1.2-1.5 million sf of distribution space.

Additionally, Clay Development & Construction will break ground on a 214,300-sf spec distribution center in Sheldon Business Park this year. ​
NAI Partners
Houston-The Woodlands-Sugar Land
https://www.naipartners.com/research/houston-industrial-northeast-q1-2019-submarket-spotlight/See the full report at {Source}

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