Nov 12, 2013
Houston industrial market: 3Q 2013
HOUSTON - Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR), has released its area industrial report for third quarter 2013. The complete list with category division...
HOUSTON – Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR), has released its area industrial report for third quarter 2013. The complete list with category division is available from the website below.
| Net Absorption | |||||||
| Market Area | No. Bldgs.** | Bldg. SF*** | Vacant SF | Vacancy Rate | Current | YTD | Wtd. Avg. Rent**** |
| Northwest | 3,648 | 129,292,391 | 8,500,429 | 6.6% | 153,621 | 1,018,185 | $6.39 |
| Southeast | 1,921 | 80,270,195 | 7,391,179 | 9.2% | 10,726 | 255,480 | $5.04 |
| Northeast | 1,709 | 65,411,714 | 5,345,733 | 8.2 % | 156,952 | 506,559 | $7.69 |
| Southwest | 1,404 | 51,481,684 | 4,308,521 | 8.4% | 35,475 | 523,360 | $7.77 |
| South | 948 | 31,163,567 | 1,506,509 | 4.8% | 283,210 | 459,884 | $5.64 |
| Inner Loop | 737 | 23,963,414 | 1,016,466 | 4.2% | 322,559 | 262,341 | $8.26 |
| North | 569 | 11,743,780 | 742,368 | 6.3% | 14,302 | 209,466 | $7.54 |
| Total | 10,938 | 393,363,945 | 28,811,205 | 7.3% | 976,845 | 3,235,275 | $6.19 |
*ranked by SF
** number of buildings calculated on specific buildings at each property address
*** includes all general-purpose existing industrial buildings 10,000 sf or larger
**** rental rates are weighted and averaged based on available space
Read more at Commercial Exchange.
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