Industrial Market Highlights for Q2 2018:
- Q2 2018 marks the 8th consecutive year of positive absorption for the Houston industrial market.
- Net-occupier demand was 1.2 million sq. ft. in the second quarter, bringing the year-to-date absorption total to 4.8 million sq. ft.
- The construction pipeline grew by 3.6 million sq. ft. in new starts over the quarter to reach 10.7 million sq. ft. of new industrial and flex product currently underway.
- Vacancy rates decreased 5 basis points, availability rates during the same period decreased 60 basis points.