Crane-Served Warehouse For Lease Market Underserved Around Port of Houston
The Port of Houston is the leading US port for volume in total tonnage, according to the American Association of Port Authorities 2010 report. With the widening of the Panama Canal coming soon, the anticipated need for crane served manufacturing and material handling space in Houston is anticipated to skyrocket. At the time of this post, there is already a definite shortage of quality industrial property for lease which can accommodate overhead crane service. Fewer than 8 or 10 buildings exist East of Houston’s CBD which have existing crane(s) and very few have much storage yard and/or adequate hook height.
While there are a few smaller projects in the works from local developers, the future need is likely to force product to other ports which have the existing facilities in place to handle the business. Some local heavy freight logistic companies estimate the shortage for such properties to be in excess of 1,000,000 SF by January of 2014.
McCorvey Real Estate Holdings has two projects in the works in near East Houston with buildings of 20,000 SF up to 100,000 SF with crane spans of up to 70’, hooks up to 35’ and tonnage to 35 tons.