Industrial market Houston: TranswesternIndustrial market Houston: Transwesternhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58072013-11-06T06:51:00Z2013-11-06T00:00:00Z

HOUSTON - Transwestern released the third quarter 2013 report for the industrial market. The following are a few highlights from the report.

• Net absorption of industrial space in the Houston metro area totaled 1.8 million sf in 3Q 2013 and 4.8 million sf year-to-date.

• The overall Houston metro area industrial vacancy rate was 4.3 percent during 3Q 2013, down from 4.6 percent a year ago.

• Industrial asking rents edged down 0.3 percent through 3Q 2013, after rising by a revised 5.0 percent in 2012.

• The Houston metro industrial market will likely experience continued growth for the remainder of 2013 and into 2014. The energy boom in Houston should be able to sustain the volatility of the broader economy, and industrial vacancies in Houston likely will continue to fall.

Net Absorption in SF
Type 3Q 2013 YTD 2013
Flex/R&D 386,000 867,000
Manufacturing 507,000 231,000
Warehouse/Dist. 940,000 3,730,000

See the full report with the submarket map at Transwestern.

For more informative stats, check out Houston Market Data Sources

Houston-The Woodlands-Sugar Land
http://www.transwestern.net/market-research/pages/research.aspxRead more at {Source}

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