Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Houston-Galveston  + Industrial  | 
Houston industrial rates continue to trend upward

Houston Industrial Demand Remains Strong

How strong? The streak is still alive. A recent NAI Partners research paper reports that Houston has had a positive net absorption rate for 51 straight quarters. It’s up 100% from the same quarter of 2021.

It would follow that there would interest in constructing new projects. 22 million square feet of product is currently under construction.

Rental rates have continued to rise. They are up $0.70 after Q1 2002.

One of the towns biggest drivers of business is Port Houston. The port says business remains strong with 21.6 million tons handled through the end of May.

Connect

Inside The Story

Leta Wauson

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Economy
Money360-23-cube
Money360-24-cube