Q3 2022 | Houston Industrial Market Report

HOUSTON - Oct. 24, 2022 - PRLog -- "The Greater Houston MSA industrial market is in excellent shape. Southeast Texas ports continue to break records for incoming (and exporting) goods as distribution shifts more to the Gulf and Southeast U.S. ports from the highly constrained West Coast ports. We expect this trend to continue after the severe backlogs and potential upcoming labor issues on the West Coast."

Patrick Duffy | President of Colliers in Houston

Key Takeaways

• Leasing activity remains steady
• Positive net absorption
• Vacancy up slightly as 9M SF delivers
• Rental rates continue to increase
• Construction starts up  

 Houston's industrial market continued to gain momentum as leasing velocity reached over 11 million square feet in the third quarter. The increase in demand for space continued to spur new development with over 27 million square feet under construction and an additional 64 million square feet proposed or in the final planning stage. Houston's industrial market recorded 5.6 million square feet of positive net absorption in the third quarter, pushing the year-to-date total to more than 21 million square feet...

See the full article here: https://www.colliers.com/en/research/houston/q3-2022-hous...