Figures

Houston Industrial Market Figures Q4 2022

January 4, 2023

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  • Houston broke records for the largest year-end absorption total ever, coming in at 30.3 million sq. ft.
  • The industrial construction pipeline expanded for the seventh consecutive quarter, reaching 33.5 million sq. ft. with 6.4 million sq. ft. of project starts during Q4 2022
  • Citywide vacancy fell by 60-basis points (bps) in the fourth quarter, ending the year at 3.8%
  • Class A warehouse/distribution gross asking rates increased by 5.3% in Q4 2022, now averaging $0.79 per sq. ft.per month