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HOUSTON – The north industrial submarket has posted positive net absorption in all but two quarters during the past five years, and vacancies have remained steady, averaging 7.6 percent during the period.
Inventory expansion since the oil downturn in 2014 has added 217 industrial properties totaling an additional 13.3 million sf, representing a 15.1 percent growth. Development is still increasing with 5.4 million sf underway.
The largest projects under construction include:
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