Houston's specialized industrial market: A crane-served premium

Houston's industrial market is experiencing a significant "hidden niche" with crane-served buildings. While these assets account for 9.3% of the total number of buildings and 6.7% of inventory, their impact is outsized due to a severe supply shortage. This specialized sector boasts a healthy 5.9% vacancy rate, well below the 7.2% for the overall industrial sector. This limited inventory is driving a substantial premium; average asking rents for crane-served space are $17 in the North submarket, a significant premium over the $10.98 average for non-crane-served buildings.