Texas Industrial MarketView Q1 2017
- While all markets contributed positively, Houston and Dallas anchored increases in net absorption at 44% and 37% above last quarter, respectively.
- Aggregate leasing data from top transactions across all Texas markets show that activity was attributed largely to, 47% in Q1 2017, demand from the distribution and logistics industry.
- Within new development, all markets (except San Antonio) saw a small drop in their new construction pipeline as Q1 2017 delivered a substantial amount of new industrial product.
- The slowing of new starts could once again begin compressing vacancy rates which have recently moved up despite positive market net absorption.