Industrial

The Houston District Council of the Urban Land Institute recently recognized the developments and public open spaces that exemplify best practices in design, construction, economic viability and healthy places.

Particularly in the I-15 corridor, the market has surpassed peak pricing, there's a void of smaller buildings and rapidly growing smaller businesses are increasing demand, Colliers' Marc Posthumus tells GlobeSt.com.

“There is diminishing supply here for this kind of product but demand from local businesses is still strong.”

The industrial park is on DFW airport land, equidistant between the BNSF and the UP Intermodal Facilities; the central location of this burgeoning area is a strategic reason why it was developed.

But Revathi Greenwood of Cushman & Wakefield points out we saw similar volatility in 2016.

“Often times, a big splash in the market becomes the easiest way to describe what's happening, but in truth…”

Former industrial sites all over the US are getting cleaned up and reused.

Modern office layouts are critical to heavier-build-out users; however, the standard best-in-class building-amenity sets continue to be the focus of the majority of users, CBRE's Nick Vranka tells GlobeSt.com.