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Q3 2016 Houston Industrial Market Report

Friday, November 4, 2016 11:56
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(Before It's News)

More than 50% of Houston’s industrial construction activity located in East Southeast Far submarket

During the third quarter of this year, 6.5M SF of Houston’s industrial inventory was absorbed, substantially more than the 2.2M SF absorbed in the third quarter of the previous year.  However, if you remove the 3.9M SF absorbed in one building by Daikin, net absorption would be closer to 2.6M SF.  Industrial leasing activity remained steady between quarters dropping slightly from 5.4M SF to 4.9M SF, but was down by 1.0M SF from 5.9M SF in Q3 2015.  

During the third quarter of this year, 6.5M SF of Houston’s industrial inventory was absorbed, substantially more than the 2.2M SF absorbed in the third quarter of the previous year.  However, if you remove the 3.9M SF absorbed in one building by Daikin, net absorption would be closer to 2.6M SF.  Industrial leasing activity remained steady between quarters dropping slightly from 5.4M SF to 4.9M SF, but was down by 1.0M SF from 5.9M SF in Q3 2015.  

The average citywide quoted industrial rental rate decreased…click here to visit our website and view the complete report. 

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