Houston Industrial Figures - Q2 2026

2026 continues to be a strong year for the Houston industrial market, headlined by high absorption, lowered vacancy, and consistent deal volume. Net absorption for Q2 hit about 7 million sq. ft., lowering vacancy to 6.7% and heightening 2026 YTD absorption to about 11 million sq. ft. The Northwest recorded 2.3 million sq. ft. of net occupancy, while the North recorded 1.4 million sq. ft. Both delivery and under construction numbers decreased from Q1 to Q2; there were 5.8 million sq. ft. in deliveries, and 17.7 million sq. ft. is still in the development pipeline. Highlighted by Grainger’s completed distribution center, the pre-lease rate for deliveries sits at 42%.

Leasing activity reached 9 million sq. ft. in Q2, bringing the yearly total to 17 million sq. ft. in deal volume. 6 different submarkets eclipsed 1 million sq. ft. in leasing, showcasing Houston’s location versatility and appeal to industrial corporations. Statistics at midyear show Houston’s industrial market to be in an extremely healthy spot. Unwavering distributional and manufacturing demand, coupled with an exciting development pipeline, supports the case for a stellar second half of 2026 in the market.