Houston's east side industrial market near 2% vacancy
Houston’s shift in industrial warehouse demand from the West side of town to the East market is undeniable. While historically light on fractional vacancy, East Houston and the inner Port of Houston market is now incredibly tight on available a space. Even more concerning, this submarket has an even stronger outlook with increased break-bulk traffic foreseen for the port and continued rise in manufacturing and refining. What is available now? See a map below (from Costar.com) of available space for lease between 10,000 and 50,000 SF . I culled the list a bit of functionally obsolescent buildings. Quality space on the East side = almost Zero.
As a tenant/buyer rep broker, I can tell you first hand that locating viable lease/purchase alternatives for clients, near the Port of Houston, has never been more challenging.
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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.