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Colliers: Houston industrial report 2Q 2014Colliers: Houston industrial report 2Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=35822014-07-18T20:28:00Z2014-07-18T06:46:00Z

HOUSTON - Houston’s industrial market remains one of the healthiest U.S. industrial markets primarily due to the expansion in the oil and gas industry, according to Colliers International second quarter 2014 industrial report.

Leasing activity, which includes renewals, reached 3.3 million sf, almost 1 million sf less than seen in 1Q. New delivery totaled 2.6 million sf during 2Q, pushing 2014 year-to-date deliveries to 5.6 million sf. Additionally, 3.9 million sf of industrial space is currently under construction.

Houston Industrial Market 2Q 2014*
  Vacancy Net
Absorption (SF)
Submarket Rentable
Area
Total
Vacant
SF
Total
Vacancy
Rate
2Q
2014
1Q
2014
Northwest Corridor 136,932,884 5,565,281 4.1% 284,086 774,031
North Corridor 79,662,123 6,382,940 8.0% 821,071 624,648
Southeast Corridor 78,727,192 5,803,190 7.4% -95,788 -70,379
Southwest Corridor 63,779,391 3,224,535 5.1% 259,871 76
CBD Corridor 55,589,901 2,939,035 5.3% 45,388 96,092
Southern Corridor 44,624,902 1,857,445 4.2% 221,969 436,023
Northeast Corridor 32,404,112 1,046,079 3.2% 47,328 -104,625
Greater Houston total 491,720,505 26,818,505 5.5% 1,583,925 1,755,866

*ranked by rentable area

Click here to see the full 2Q report, including the previous quarter.

Don't forget Houston Market Data Sources for more sources.

Company News Release
Houston-The Woodlands-Sugar Land
Industrial
http://www.colliers.com/en-us/texas/houston/marketreports/industrial_report#.U8V_1LHiLjURead more at {Source}

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