Colliers: Houston Adds 13 MSF of Industrial Product Year-to-Date

by Taylor Williams

HOUSTON — The Houston industrial market has added approximately 13 million square feet of new industrial product year-to-date, including a supply increase of 4.1 million square feet in the third quarter alone, according to a new report from Colliers International. In addition, there are 150 buildings totaling 18.5 million square feet of space under construction that are expected to be delivered between now and the midpoint of 2020. Only 25 percent of the space under construction is preleased, though that figure is expected to rise in the coming months. Colliers also projects that the market will absorb about 2.2 million square feet of industrial space during the fourth quarter of 2019.

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