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Follow on Google News | Q3 2016 Houston Industrial Market ReportBy: Colliers International 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. Media Contact lisa.bridges@ End
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