Houston Industrial market ended the fourth quarter 2018 with a vacancy rate of 5.5%
The Houston Industrial market ended the fourth quarter 2018 with a vacancy rate of 5.5%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,577,450 square feet in the fourth quarter. Vacant sublease space increased in the quarter, ending the quarter at 1,657,649 square feet. Rental rates ended the fourth quarter at $7.46, an increase over the previous quarter. A total of 41 buildings delivered to the market in the quarter totaling 1,668,189 square feet, with 11,940,852 square feet still under construction at the end of the quarter.
Houston’s Vacancy Decreases to 5.5%