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Houston Named Top Growth Market for Big-Box Industrial Sector in North America

Houston was named the top growth market in North America for large-warehouse leasing activity, with 11.1 percent of its inventory absorbed in 2021, according to a new report from CBRE.

Transactions for big-box warehouses – those of 200,000 square feet or larger – hit new highs in 2021, as retailers added safety stock to limit supply chain disruptions and continued to meet online shopping demand. This category recorded 450 million square feet  of transactions in the top 23 North American markets last year, up significantly from 350 million square feet in 2020. The study includes markets with more than 75 million square feet of big-box product.

Houston was named a top-10 market for under construction activity, with 15.6 million sq. ft. in the pipeline. However, with surging demand, 37 percent of this product is already leased. General retailers & wholesalers and 3PLs accounted for 73 percent of leasing volume, driving nearly 22 million sq. ft. of net absorption in 2021 – triple 2020’s total.


Inside The Story


About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Development
  • ◦Economy