Q3 2017 Houston Industrial Research & Forecast Report
Houston’s industrial market sees growth in distribution space and logistic hubs
During the third quarter of 2017, 3.0M SF of Houston’s industrial inventory was absorbed, pushing the 2017 year-to-date total to 6.2M SF. Although Houston’s economy slowed significantly in 2015 and remained weak in 2016, the demand for consumer products continues to spur growth in the industrial sector. Companies like Amazon, DHL and FedEx are just some of the tenants in the market leasing or building distribution and logistics hubs. Companies such as Ikea, Daikin, Lowes and Home Depot that manufacture and/or distribute buildings supplies for new developments, as well as now for rebuilding Harvey impacted properties, have expanded their footprint in the market as well.
The average vacancy rate has remained low for several years now, hovering between 5.5% and 5.3%. Over the quarter, the average vacancy rate decreased marginally from 5.5% to 5.4%. A little over 2.5M SF of new product delivered during the third quarter bringing the 2017 new inventory total to over 7.6M SF. Currently, 5.3M SF of industrial space is under construction of which 30.7% is pre-leased.
Click here to visit our website and view the complete report.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).