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Colliers: Houston industrial report 3Q 2013Colliers: Houston industrial report 3Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=57852013-11-07T09:59:00Z2013-11-07T06:45:00Z

HOUSTON - Houston’s industrial market remains one of the top ten healthiest U.S. industrial markets because of its low vacancy, stable rental rates and positive absorption, according to Colliers International 3Q 3012 industrial report.

Industrial leasing activity reached 3.4 million sf, mostly due to large renewals. The citywide average quoted industrial rental rate increased to $5.86 from $5.74 per sf NNN between quarters, and increased on a year-over-year basis from $5.77 per sf NNN.

Houston’s lack of available industrial inventory has spurred demand for new product. Developers have responded and currently have 5.7 million sf under construction.

Houston Industrial Market 3Q 2013*
  Vacancy Net
Absorption (SF)
Submarket Rentable
Area
Total
Vacant
SF
Total
Vacancy
Rate
3Q
2013
YTD
2013
Northwest 133,487,248 5,551,764 4.2% 323,715 1,734,743
Southeast 77,939,199 5,188,095 6.7% 113,739 103,694
North 75,109,685 5,264,608 7.0% 397,677 865,446
Southwest 63,944,532 3,658,632 5.7% 28,773 1,234,740
CBD 56,289,500 2,930,330 5.2% 72,749 172,099
South 43,915,330 1,896,047 4.3% 20,066 -7,420
Northeast 32,496,591 990,561 3.0% 139,183 363,293
Total 483,182,085 25,480,037 5.3% 1,095,902 4,466,595

*ranked by rentable area

See Houston Market Data Sources for 3Q 2013 information for more commercial real estate.

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

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