Houston's industrial leasing activity by submarket - United States
Houston's industrial leasing activity by submarket
Northwest Houston has the highest leasing volume year-to-date with 9.6 million (msf) leased, accounting for 31% of the market-wide activity limited to transactions above 10k sf. Nearly two-thirds of the leasing activity has involved deals above 100k sf, with an average size of 81k sf.
The North and Southwest submarkets have also remained active with 7.4 msf and 7.0 msf leased, respectively. Large deal activity over 100k sf have accounted for two-thirds of the leasing activity within both submarkets.
The Southeast submarket has experienced 5.2 msf of leasing activity year-to-date, which is mostly driven by the Port of Houston and has accommodated 28% of the leasing activity for occupiers primarily in the logistics, distribution, and parcel delivery industry, and 15% in the food and beverage production industry.
Overall, 43% of the total leasing volume market-wide has involved occupiers within the logistics, distribution & parcel delivery, and engineering, architecture, construction and building materials industries.