Pasadena delivers to supply-starved industrial space

PASADENA – A three-building 365,462-sf speculative development has been completed. The Carson Commerce Center, near the Port of Houston, will provide much-needed space to a supply-starved industrial market.

The park includes a two-story front load facility totaling 118,500 sf located at 3700 Hwy. 225; a 185,168-sf facility with a two-story office component located at 3750 Hwy. 225; and a 61,794-sf crane-served building located at 3800 Hwy. 225.

Demand in the Houston industrial market remains strong but absorption and decreasing vacancy has slowed to do limited supply.

Houston’s industrial vacancy rate will drop to 4 percent in 2014 from 4.3 percent at the end of 2013, according to Transwestern in a fourth quarter report. Vacancy rates should continue to decline until new development catches up to the demand.

Read more at GlobeSt.com.

See Industrial under Houston Market Data Sources for more quarterly information.