Q3 2016 Houston Industrial Market Report

By: Colliers International
 
 
Q3_2016_Houston_Industrial_Infographic
Q3_2016_Houston_Industrial_Infographic
HOUSTON - Nov. 4, 2016 - PRLog -- 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 1.6% on an annual basis from $6.98 per SF NNN in Q3 2015 to $6.87 per SF NNN.

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Source:Colliers International
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Tags:Market Report, Market Research, Industrial
Industry:Real Estate
Location:Houston - Texas - United States
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