• Industrial absorption climbed out of negative territory and into a more familiar place this quarter, with a strong 2.9 million sq. ft. of industrial space absorbed in Q2 2019.
  • Vacancy jumped 10 basis points to 5.5%.
  • Record-breaking under construction totals were reported this quarter, with 20.5 million sq. ft. of industrial product currently under construction being the highest quarterly number ever recorded by CBRE Research.  
  • 11.2 million sq. ft. of new industrial product broke ground this quarter, which brings the year-to-date total up to a solid 13.6 million sq. ft.
  • Continued job and population growth, a growing e-commerce enterprise, and heightened activity in the Port of Houston are driving demand for industrial space across the Houston metro.