Industrial Warehouse Property with Excess Land or Yard and High Ceilings in Short Supply
Houston is seeing a surge in leasing and sales of quality industrial freestanding properties with excess yard or land. We have seen an increased demand for buildings with fenced and surfaced yard area to facilitate heavy equipment and tractor trailer storage. Slowly those warehouse properties have been leased or sold and most of the existing product is burdened with some incurable physical obsolescence (i.e. low ceilings in the warehouse, limited yard area and/or truck courts).
Also, numerous requirements for 28′ + clear warehouses have been floating around with no existing buildings around to fill the need. If you require a freestanding building with extra land AND high clear heights…Good luck, get ready to build new.
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- Houston, TX