By: Jeff Venghaus, executive vice president and industrial lead, JLL Houston
Houston is rising as a big-box market thanks to strong population growth and the expansion of e-commerce and consumer goods. This year, the market is set to deliver a record seven warehouse and distribution facilities of greater than 400,000 square… Read More
Houston’s multifamily market is working to rebalance following an influx of new units to the market over the last three years. However, recovery may come sooner than originally thought thanks to a diminished development pipeline, strong first quarter absorption, and positive population and job growth.
Here are three things to know about Houston’s multifamily market right now.
With e-commerce driving industrial real estate demand nationwide, the need for warehouse labor has also increased dramatically.
From 2010 to 2014, e-commerce was the third most active industrial sector, accounting for 16.1 percent of all “big-box” transactions nationally, just behind traditional retail and consumer non-durables. However, over the last two years,… Read More
Houston’s retail supply is finally beginning to satiate the red-hot demand of the latest growth cycle.
The city’s retail construction pipeline decreased in the first quarter of this year, settling at 2.7 million square feet. This represents a significant, but ultimately inevitable decrease from the… Read More
More than 440 grocery stores opened in the U.S. in 2016. The Lone Star State was home to the most new grocery store openings with 3.04 million square feet or 16.13 percent of new grocery space leased. Much of this expansion was driven by… Read More