HOUSTON—Houston's population has grown 12.4% in the last five years and 27.2% in the last decade. This equates to nearly 6.7 million people in the 10-county area. This influx of new residents to the region brings with it an inherent need for more distribution space and a supply chain that can effectively serve the population, according to JLL's industrial services brokerage group.
“As the Houston population has grown, retail, and food and beverage would naturally follow,” Richard Quarles, senior vice president of JLL's industrial services brokerage group, tells GlobeSt.com. “In the Northwest submarket, consumer durables, and food and beverage are following the population growth and expansion of residential areas.”
Specifically, there have been more than 6.7 million square feet of leases signed in the retail distribution and consumer goods sectors. This includes industries such as food/beverage and residential building supplies companies such as Serta and Michelin, which are opening new distribution centers across the metro.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
