Houston’s Industrial Construction Activity Increases

by CoyDavidson on July 15, 2011

Houston Industrial Market Report | 2Q 2011

Houston’s industrial market fundamentals continue to strengthen, with 1.3M SF of positive net absorption in the second quarter pushing year-to date absorption over 2.1M SF. Houston’s industrial vacancy decreased by 30 basis points to 5.7% from 6.0% the previous quarter. The quoted citywide rental rate for industrial space decreased increased by 0.6% between quarters from $5.31 to $5.34 per SF NNN, and increased by 8.6% on a year-over-year basis from $4.88 per SF NNN. Leasing activity for the first half of 2011 reached 6.5M SF, with the majority of the leases being in the 20k to 40k square feet.

Houston Industrial Market

Q2 2011 Houston Industrial Market Report

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