HOUSTON – At the end of the year, a record-high 19.1 million sf of industrial space across 112 buildings was under construction in the metro, according to Avison Young.
Year-end vacancy stood at 6 percent, and two million sf was absorbed in the fourth quarter.
Four of the five largest projects are build-to-suit developments totaling almost 3.9 million sf.
The largest of those, Medline's 1.3 million-sf project off I-10 in Katy, broke ground during the fourth quarter.
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Source: REBusiness Online
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