Say what you want about the oil and gas industry…you can’t deny it has been very good to Houston, Texas. The trickle down of this prosperity is a booming industrial market experiencing near record absorption and rate increases. Bottom of the market distribution space which was renting for $.28 psf/gross/month a year ago is now going for $.35 PSF/gross/month. The near east side of town near the Port of Houston had some empty dock high space for rent which had been on the market for months. Now that space is all leased and requirements come across my email every day for distribution space. In addition to small to medium sized dock space, similar sized manufacturing/crane served buildings are in high demand. Most of this activity is related to the energy sector in some form or fashion. The only area of industrial not faring so well is the big box distribution arena. There are still options for spaces over 30,000 SF.
If you need space in Houston, call Warehousefinder.net’s exclusive Houston broker affiliate, Eric Hughes at Centermark Real Estate at 713.461.4750.
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