Monday , 6 July 2020
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Spec Construction to Surge

HOUSTON — Developers are expected to break begin ground on more speculative industrial projects as a result of increased demand and decreased vacancy. 

Houston’s industrial vacancy rate decreased to 5.9 percent during the third quarter of 2011, down 10 basis points from the second quarter, Grunn & Ellis reported.     

The Houston industrial market experienced approximately 908,000 square feet of positive net absorption during the quarter, raising year-to-date absorption to roughly 2.6 million.  The significant third quarter absorption growth was offset by nearly 530,000 square feet of newly vacant space delivered in the quarter, Grubb & Ellis said.

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