• The Houston industrial market yielded 2.6 million sq. ft. in net absorption for Q1 2020, led by consumer goods.
  • Under construction product broke 22.0 million sq. ft. in Q1 2020.
  • Three major build-to-suit projects account for over 21.0% of current construction, including distribution centers for Ross (2.2 million sq. ft.), Medline (1.3 million sq. ft.), and Dollar Tree (1.2 million sq. ft.).
  • Vacant deliveries increased the vacancy rate by 77 basis points from the previous quarter to 6.6%.
  • New starts have slowed over the last two consecutive quarters and are down 987,717 sq. ft. from Q4 2019.