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Northwest Industrial Market Hub for 37 Big Boxes

HOUSTON-The city's northwest industrial submarket is bustling with big box activity. The latest CB Richard Ellis report pinpoints 37 projects either on line, under construction or in the pipeline. Occupancy is riding at 65.20%.

By Jennifer Brenner Andrade | Updated on June 11, 2001

HOUSTON-Houston’s northwest industrial submarket has 37 big box distribution centers either on line, under construction or proposed, say Jeff Everist and Billy Gold, vice presidents of CB Richard Ellis who have just completed a first quarter 2001 report.

According to the team, this means there is almost six million sf that has deliver, more than two million sf of available space and a shade under one million sf under construction. Another 4.5 million is in the pipeline. They peg occupancy at 65.20%. The brokers are optimistic that the industrial space will be absorbed although the total at this stage might reflect market excess.

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