Figures
Houston Industrial Figures - Q4 2025
January 17, 2026 5 Minute Read
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- 2025 was a very active year in the Houston Industrial market with 13.6 million SF of positive net absorption and 17.2 million SF of new construction deliveries. Despite this massive infusion of new space, vacancy dipped under 7 percent thanks to sustained demand from users.
- The pipeline for new product continues to grow, with 21.5 million SF currently underway after an uptick in groundbreakings in the last few months of the year. These properties are currently 16% pre-leased.
- Net absorption increased in the fourth quarter to 8.3 million SF. Q4 represented the highest quarterly absorption seen in years, thanks in part to outsized leasing activity in Q3 and significant owner-user activity.
- Houston’s Northwest submarket continues to shine, as it led Q4 in deliveries (1.97 million SF), properties under construction (6.3 million SF), and leasing activity over 50,000 SF (2.3 million SF). The submarket has seen massive growth, with 2.2 million SF of new occupancy in 2025 and 20 million SF over the last 5 years.