Mar 1, 2013
Cushman & Wakefield industrial report: 4Q 2012 Houston
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...
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.
| 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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