Q1 2021 | Houston Industrial Market Report
Industrial demand has accelerated under and after COVID with e-commerce distribution and new supply chain requirements leading the way.
By: Colliers | Houston
Houston's industrial market continues to see robust leasing activity moving into 2021, recording close to 9 million SF in the first quarter. Houston recorded an average of 8 million SF of leasing activity per quarter in 2020. According to Colliers industrial advisors, tour activity increased over the quarter in both leasing and investment interest. Some of the larger leases signed in Q1 include Awesung (239,124 SF) in the Southwest Corridor, Keller Warehousing & Co-Packing LLC (223,061 SF) in the Northwest Corridor, Amazon (180,000 SF) in the South Corridor, Soft-Tex International, Inc. (166,970 SF) in the Southwest Corridor and Averitt Express, Inc. (159,793 SF) in the Southeast Corridor.
Commentary by Walker Barnett | Principal & Director
The steady leasing activity of Q1 2021 was a natural follow-up to the reawakening seen in Q3 and Q4 of 2020. The increasing availability of the COVID-19 vaccines in February and March strengthened... To read the full report, click here: https://www.colliers.com/
Lisa Bridges | Director of Market Research