HOUSTON -
Jan. 28, 2021 -
PRLog -- The industrial real estate market continued to be Houston's most robust commercial real estate market sector in the fourth quarter. With tailwinds from the Q3 post-shutdown recovery, Houston's fourth quarter saw stronger absorption, increased leasing activity and greater call volume from brokers running transactions and end-users re-engaging in their search for space.
As we evaluate the 4th quarter absorption numbers and look at 2020 overall absorption, we must take a more granular look at the absorption type. With 24MM SF of institutional-
grade buildings either delivered or under construction, Houston has been one of the nation's most active construction markets. The construction volume and building sizes show that Houston continues to grow as a core market for owners and occupants of industrial real estate. However, when evaluating the twenty largest individual occupancy absorption data points which range from 2,165,000 on the large side to 200,000 SF on the small side, 60% of those move-ins comprising 9.8MM SF were in owner-occupied or specialty built-to-suit facilities. Put another way; those transactions did not take speculative industrial buildings off the market.
We have a substantial amount of inventory to work through, but... To read the full report, click here:
https://www2.colliers.com/en/research/houston/q4-2020-hou...
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