HOUSTON – The industrial sector remains the metro’s strongest asset class in the market, with 56 properties totaling 8.6 million sf delivered in first quarter 2020.
According to Avison Young, that is nearly double fourth quarter 2019’s 4.5 million sf in deliveries.
The under-construction total dipped slightly to 18.9 million sf across 96 buildings last quarter.
Houston is considered one of the nation’s dominant markets for industrial supply and has recorded an average of 14 million sf of construction for the last six years.
Get more Houston-area industrial news on the Real Estate Center’s website:
Source: Connect Media