HOUSTON – Industrial leasing activity is slowing in Houston, although the vacancy rate remains healthy, according to Colliers International.
Industrial leasing activity dropped 55 percent to 3.6 million SF, down from 8 million SF in the second quarter of 2016, reports Lisa Bridges, director of market research of Colliers.
“Houston’s industrial market shows signs of slowing due to the downturn in the local economy caused by massive job cuts in the energy industry,” Bridges said.
The industrial vacancy rate increased to 5.5 percent from 4.4 percent in second quarter of 2015, according to Colliers.
August 8, 2016. Copyright 2016 Realty News Report.