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Quarterly Snapshot 4Q22 | Industrial | Houston Industrial Market Absorbs Record High 6.2M SF

Industrial | Houston Industrial Market Absorbs Record High 6.2M SF Industrial | Houston Industrial Market Absorbs Record High 6.2M SF

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Houston continues to be a thoroughbred in the industrial real estate market as we enter 2023, driven by 5.6 million square feet of new deliveries during 4Q22. Occupier demand has increased with population on the rise and the need to ship products in and out of the Houston Port. We are expecting around 55 million SF of industrial space to be completed between 2022 and 2023.

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