NE Houston’s industrial submarket breaking records

​​HOUSTON – The northeast industrial submarket broke records in first quarter 2019, delivering 438,000 sf, with an additional 835,200 sf—the second-largest amount during a quarter—under construction. 

According to NAI Partners, the market contains 37 million sf of inventory. Vacancies have been gradually rising due in part to new inventory delivering with vacant space. 

The l​argest projects under construction include:

• the ​685,400-sf Air 59 Logistics Center​; 

• the 150,000-sf warehouse at 8701 Miller Rd. 2 and SH 90; and 

• the 124,800-sf Lockwood Business Park Building 2.

IKEA purchased just over 144 acres in Generation Park ​for between 1.2-1.5 million sf of distribution space.