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Cushman & Wakefield industrial report: 4Q 2012 HoustonCushman & Wakefield industrial report: 4Q 2012 Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80752013-03-05T14:00:00Z2013-03-01T00:00:00Z

HOUSTON - Cushman & Wakefield has released its fourth quarter 2012 report for the Houston industrial sector.

Overall vacancy in Class A fell to 7.1 percent compared to 13.0 percent in 2011, with overall rental rates increasing by 8.0 percent to $33.11 per sf.

Overall vacancy for the metro area declined from 7.7 percent in 4Q 2011 to 6.5 percent in 4Q 2012. Direct asking rents increased from $4.61 per sf in 4Q 2011 to $5.03 per sf in 4Q 2012.

Year-to-date leasing activity increased 2.5 percent from 18.4 million sf in 4Q 2011 to 18.9 million sf in 4Q 2012.

Houston Industrial Report 4Q 2012 — Submarket Comparison
Submarket Inventory Overall
Vacancy
Rate
Under
Construction
YTD Overall Net
Absorption
Northwest 125,012,641 5.8% 911,313 2,687,121
Southeast 80,447,193 6.4% 292,830 2,150,255
North 50,614,513 7.6% 585,805 1,510,339
Southwest 40,089,140 9.0% 475,000 -587,623
South 34,998,712 5.6% 63,000 -63,260
Northeast 24,376,208 6.0% 47,000 15,701
Houston CBD 894,436 1.1% 0 0
Total* 356,432,843 6.5% 2,374,948 5,712,533

*All submarkets not represented in the table

Read more at Cushman & Wakefield.

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http://www.cushwake.com/cwmbs4q12/pdf/ind_houston_4q12.pdfRead more at {Source}

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