• For over 14 years (since 2008), we've been finding industrial space (warehouse, flex, manufacturing...)
  • All types of businesses and uses - lease, rent, sale, or purchase
  • Let Us Help Find Yours Too!
  • No Gimmicks. No Hassles*. Just Quality Brokerage Services!

(* Disclaimer: Okay, okay - Real Estate does tend to throw a few knucklers, but we'll get you through them.)

Falling oil prices, what does that mean for Houston warehouse space for lease and the real estate ma

See Our List of Metro Home Pages and Select/View Yours

12/19/14 Update:

$56.52 per barrel at close of trading today.  3% increase.  Now let us do this for a few weeks in a row.  Doubtful.

$55.46 per barrel at 8:32 AM today with morning trading up 2% or so. Interesting that the fall of oil pricing has seemed to slow significantly, albeit for 2-3 days. If pricing settles in the mid $50’s per barrel for more than 3-6 months, Houston will be shedding some jobs and businesses. My customers have already indicated they are putting projects on hold until some reasonable forecasting can be developed on pricing.  Oddly enough, more commercial development was announced in the energy corridor last week for new a new class A office property for lease.

$60.94 per barrel. That is the price of oil at the time of this post. A month ago oil was trading over $77 a barrel. Where will it stabilize? Only time will tell. What is certain is that Houston faces some real challenges in its industrial real estate market. Warehouses have been leasing and selling at all time highs. Development of bulk distribution is also in full swing. Now the scale back of industry absorbing space and rents will start to suffer. Developers of speculative warehouses for lease or sale are now likely to be sitting on empty buildings for some time with other owners facing tenants who may fold up shop and thereby leaving vacant property. The market was probably due for a correction with new freestanding warehouses trading at $75 to $85 PSF for shells on a purchase and $.75 PSF/month + on rentals. Heavy leveraged owners are the most vulnerable and others with substantial cash reserves may see some opportunities in the market. Businesses looking for space to lease should see some relief in pricing over the next six months.

Need Warehouse or Office space?

Centermark Commercial Real Estate specializes in Industrial and Office in the Greater Houston area. CCRE is the exclusive affiliate broker for WarehouseFinder.NET in Houston, TX.

Tags for this Article
(Click tag to see more articles for the tag)
Location Tags for this Article
  • All Locations

Click a Link Below to See Our Home Page for Your Metro Area

Disclaimer: At any given time, the above Metro Areas may have active affiliates, or we may be actively searching for an affiliate for any given Metro Area. Some turnover occurs as we make certain you have the best available professionals to work with. If there is an active affiliate for a metro you have selected, details will be present in the "Affiliate-Metro" (see In-Page Navigation) section above.

Need More Details?

Want more infomation about something on this page? Need industrial, office or warehouse space? Fill out our form here to let our Broker Affiliate Network know about your needs including help assessing an existing lease. You may also call us at" %} to begin the discussion.

Please contact us at our Info Email address or use our Contact Us form if you have questions or concerns.

As Seen On CBS NBC Fox News

Need more details?

We are here to assist. Contact us by phone, email or via our social media channels.

Large Warehouse with Dock High Docks, Links to Site Help