NAI Houston 4Q 2012 industrialNAI Houston 4Q 2012 industrialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=79192013-03-20T08:29:00Z2013-03-20T00:00:00Z

HOUSTON - The Houston industrial market ended 2012 on a positive growth trajectory and will continue to be one of the healthiest markets in the U.S. into 2013.

Fourth quarter 2012 ended with a vacancy rate of 5.2 percent and a positive net absorption totaling more than 1.7 million sf of combined industrial space.

A lack of available industrial inventory in the market is driving 2.5 million sf worth of new development projects for both traditional warehouse/distribution space as well as freestanding, crane-ready manufacturing facilities.

Two highlights of 4Q 2012 include DCT Industrial Trust Inc. being fully occupied at its Northwest Distribution Center after having executed a 264,000-sf full building deal with DB Schenker Logistics.

Pannattoni Development and Parkside Capital also executed a 420,000-sf build-to-suit deal for Igloo Products at their West Ten Business Park in Katy.

The announcement comes off the heels of Parkside Capital’s announcement of an equally impressive 500,000-sf build-to-suit deal at West Ten Business Park with Medline Industries.

Read more at NAI Houston.

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Houston-The Woodlands-Sugar Land
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