David Buescher says from a broker's vantage point, everything in the Houston industrial market is positive.
HOUSTON—Industrial occupancy gains hit pause in first quarter, driving weaker fundamentals across the board. And, construction activity declined slightly but remains largely speculative and not yet preleased. However, the pipeline of proposed product continues to grow, given the region's projected population and industrial economic growth, according to a first quarter report by JLL.
The year began on the right foot with Home Depot's 770,640-square-foot build-to suit announced at Grand National Business Park in the Northwest submarket. Despite this, however, leasing activity was below average for the second consecutive quarter at 3.7 million square feet.
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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.
