- Big-box demand continued in Houston in Q4 2018, with Costco purchasing 150 acres and Ikea acquiring 164 acres for large projects.
- The Southeast submarket captured over 50% of leasing activity in Q4, with several large expansions by distribution companies.
- While demand outpaced supply, new deliveries in 2018 finished ahead of net absorption, causing vacancy to rise slightly from 4.9% to 5.1%.
JLL West Michigan Industrial Insight & Statistics - Q1 2019Harrison West
Following a significant spike in asking rents at the end of last year, average asking rents have returned to normalcy, coming in at $3.42 per square foot, which is flat year-over-year. Vacancy fell ten basis points in the first quarter as almost 413,000 square feet of space was absorbed market-wide.
Austin's industrial market posted negative net absorption in Q1 2020 due to space coming online, including at NorthTech Business Center and Amazon leasing a large space. Rental rates increased across flex/R&D and warehouse/distribution spaces. Over 1 million square feet of industrial space remains under construction, with over 800,000 square feet scheduled for delivery in Q2 2020. Vacancy increased slightly to 8.6% as large blocks of space came to the market.
Austin's industrial market posted positive net absorption of 539,820 square feet in Q4 2018, bringing the annual total to 1,222,219 square feet. Rental rates increased both quarterly and annually, with the average citywide rate reaching $10.98 per square foot. New construction remained active with 11 buildings delivered and 14 new projects commenced, totaling over 861,000 square feet added in the quarter. The industrial market outlook for Q1 2019 includes over 1.3 million square feet of space expected to deliver and over 330,000 square feet of pre-leased space across 10 blocks over 10,000 square feet.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
Industrial real estate indicators in Cleveland are nearing cyclical peaks, suggesting the market is approaching the top of the current real estate cycle. Vacancy rates have dipped below past lows and asking rents are approaching prior highs. Meanwhile, construction activity has increased substantially over the last two years with over 2.9 million square feet added, exceeding totals from the prior six years. Development has focused on the Southeast submarket, where over 1,000 acres of land have been sold for large projects in recent years. Overall, the Cleveland industrial market saw further gains in Q4 2016 but multiple data points point to the market reaching a mature stage in the cycle.
Austin's industrial market saw a slowdown in new construction and negative net absorption in Q2 2019, though leasing activity remained high. Vacancy rates increased slightly to 8.8% as over 140,000 square feet of new space was delivered. Looking ahead, over 460,000 square feet of space has been leased for Q3 2019 occupancy, including an 89,000 square foot lease to FedEx. Average rental rates decreased moderately across all product types compared to Q1 2019. Approximately 951,000 square feet remained under construction across 14 projects in Austin.
JLL West Michigan Industrial Insight & Statistics - Q1 2019Harrison West
Following a significant spike in asking rents at the end of last year, average asking rents have returned to normalcy, coming in at $3.42 per square foot, which is flat year-over-year. Vacancy fell ten basis points in the first quarter as almost 413,000 square feet of space was absorbed market-wide.
Austin's industrial market posted negative net absorption in Q1 2020 due to space coming online, including at NorthTech Business Center and Amazon leasing a large space. Rental rates increased across flex/R&D and warehouse/distribution spaces. Over 1 million square feet of industrial space remains under construction, with over 800,000 square feet scheduled for delivery in Q2 2020. Vacancy increased slightly to 8.6% as large blocks of space came to the market.
Austin's industrial market posted positive net absorption of 539,820 square feet in Q4 2018, bringing the annual total to 1,222,219 square feet. Rental rates increased both quarterly and annually, with the average citywide rate reaching $10.98 per square foot. New construction remained active with 11 buildings delivered and 14 new projects commenced, totaling over 861,000 square feet added in the quarter. The industrial market outlook for Q1 2019 includes over 1.3 million square feet of space expected to deliver and over 330,000 square feet of pre-leased space across 10 blocks over 10,000 square feet.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
Industrial real estate indicators in Cleveland are nearing cyclical peaks, suggesting the market is approaching the top of the current real estate cycle. Vacancy rates have dipped below past lows and asking rents are approaching prior highs. Meanwhile, construction activity has increased substantially over the last two years with over 2.9 million square feet added, exceeding totals from the prior six years. Development has focused on the Southeast submarket, where over 1,000 acres of land have been sold for large projects in recent years. Overall, the Cleveland industrial market saw further gains in Q4 2016 but multiple data points point to the market reaching a mature stage in the cycle.
Austin's industrial market saw a slowdown in new construction and negative net absorption in Q2 2019, though leasing activity remained high. Vacancy rates increased slightly to 8.8% as over 140,000 square feet of new space was delivered. Looking ahead, over 460,000 square feet of space has been leased for Q3 2019 occupancy, including an 89,000 square foot lease to FedEx. Average rental rates decreased moderately across all product types compared to Q1 2019. Approximately 951,000 square feet remained under construction across 14 projects in Austin.
JLL Louisville Industrial Outlook - Q3 2019Alex Westcott
The document provides an analysis of the Q3 2019 Louisville industrial real estate market. It summarizes that speculative development announcements increased during the quarter, with over 1 million square feet of new construction planned. Absorption remains steady, though below record levels from 2018, and vacancy rates are expected to rise to around 10% due to increased supply. Overall the industrial market remains strong.
Industrial developers and investors are in touch with the pulse of the industrial marketplace and are taking aggressive steps to meet the potential increase in demand for modern, Class A space.
JLL Detroit Industrial Insight & Statistics - Q4 2019Harrison West
Detroit’s industrial market ended 2019 on a strong note, as nearly 1.5 million square feet was absorbed in the fourth quarter. Average asking rents have grown by 4.4 percent year-over-year, while vacancies have leveled off over the same period. Leasing activity was healthy in the fourth quarter with some of the more significant deals being Piston Automotive renewing their lease for 256,100 square feet in Redford and Ternes Packaging taking 303,000 square feet in Pontiac.
Pittsburgh's industrial market started 2021 strong with nearly 800,000 square feet of positive absorption and 1.7 million square feet under construction. Several new construction projects were announced in the first quarter, including a 280,000 square foot Amazon distribution facility. Developers are optimistic about speculative projects due to limited supply and quick lease-up times. Significant lease transactions in the first quarter contributed to an overall decline in vacancy to 6.1%. The industrial market is well positioned to continue growing in 2021 as development aims to match high demand and the economy recovers from the pandemic.
JLL West Michigan Industrial Insight & Statistics - Q2 2019Harrison West
The second quarter brought a continuation of the positive trends seen in the West Michigan market over the past year, but things have slowed slightly from the recent torrid pace. Vacancies have leveled off at 3.6 percent, representing a deceleration of the steady downward trend seen over the past few years...
There was a slowing of Industrial leasing activity for the summer, but as Amazon proposes to expand their footprint, they have introduced a new type of warehouse to the region.
Pittsburgh's industrial market continues to see strong demand in 2021, with record net absorption and declining vacancy rates. While new construction projects are expected to deliver over 2 million square feet of new space in the next year, nearly half of all new construction is occurring in the West submarket to address the robust demand. Manufacturing activity has also increased, with several new facilities planned or under construction. Investor optimism remains high despite rising construction costs, as developers work to meet the need for industrial space in the Pittsburgh area.
Finning International Inc. is a dealer of Caterpillar heavy equipment and diesel engines. It operates in Canada, the UK/Ireland, and South America. The document recommends buying Finning stock with a target price of $37.79, representing a 13% upside. Key reasons include an expected recovery in oil and copper prices, Finning's competitive advantages through its exclusive CAT dealership, and improving returns on invested capital.
Finning International Inc. is a dealer of Caterpillar heavy equipment and diesel engines. It operates in Canada, the UK/Ireland, and South America. The document recommends buying Finning stock with a target price of $37.79, representing a 13% upside. Key factors include an expected recovery in oil and copper prices, Finning's competitive advantages through its exclusive CAT dealership, and improving returns on invested capital.
- The supply of natural gas has saturated the local market and the need for additional pipeline to transport the supply has become priority.
- Warehouse and distribution demand remains steady, but commitments from large users have yet to surface in 2017.
- Shell continues to buy more properties and land for the pipeline to the cracker plant, all while obtaining local approval to build the plant.
This document provides an analysis of the Q3 2020 Cincinnati industrial market. It finds that while transaction velocity has slowed from record highs in 2017-2018, development and leasing activity remain strong. Specifically:
- Over 1.2 million square feet of new construction delivered in Q3, with over 7 million square feet under construction.
- Major leases included Amazon, DB Schenker, and BarkBox occupying over 1 million square feet year-to-date.
- Vacancy increased slightly as more speculative construction delivered, though fundamentals remain healthy with strong demand from e-commerce and logistics firms.
JLL West Michigan Industrial Insight & Statistics - Q2 2018Harrison West
Conditions remain strong in the West Michigan industrial market. Vacancy currently sits at 3.9 percent, as over 1.1 million square feet has been absorbed so far in 2018. We continue to see positive rent growht, driven by compressed vacancies and high demand still in the market. Spaces have been leasing fast, and buildings that are for sale are not on the market for long.
JLL West Michigan Industrial Insight & Statistics - Q1 2020Harrison West
While West Michigan market has seen historically low vacancy figures and impressive rent growth the past few years, we should expect things to slow in Q2 as the effects of the COVID-19 pandemic begin to take hold. Market fundamentals remain stable; however, given the current uncertainty, we expect leasing and sales activity to slow considerably in the near term as occupiers evaluate their current and future space needs.
JLL Louisville Industrial Outlook - Q3 2019Alex Westcott
The document provides an analysis of the Q3 2019 Louisville industrial real estate market. It summarizes that speculative development announcements increased during the quarter, with over 1 million square feet of new construction planned. Absorption remains steady, though below record levels from 2018, and vacancy rates are expected to rise to around 10% due to increased supply. Overall the industrial market remains strong.
Industrial developers and investors are in touch with the pulse of the industrial marketplace and are taking aggressive steps to meet the potential increase in demand for modern, Class A space.
JLL Detroit Industrial Insight & Statistics - Q4 2019Harrison West
Detroit’s industrial market ended 2019 on a strong note, as nearly 1.5 million square feet was absorbed in the fourth quarter. Average asking rents have grown by 4.4 percent year-over-year, while vacancies have leveled off over the same period. Leasing activity was healthy in the fourth quarter with some of the more significant deals being Piston Automotive renewing their lease for 256,100 square feet in Redford and Ternes Packaging taking 303,000 square feet in Pontiac.
Pittsburgh's industrial market started 2021 strong with nearly 800,000 square feet of positive absorption and 1.7 million square feet under construction. Several new construction projects were announced in the first quarter, including a 280,000 square foot Amazon distribution facility. Developers are optimistic about speculative projects due to limited supply and quick lease-up times. Significant lease transactions in the first quarter contributed to an overall decline in vacancy to 6.1%. The industrial market is well positioned to continue growing in 2021 as development aims to match high demand and the economy recovers from the pandemic.
JLL West Michigan Industrial Insight & Statistics - Q2 2019Harrison West
The second quarter brought a continuation of the positive trends seen in the West Michigan market over the past year, but things have slowed slightly from the recent torrid pace. Vacancies have leveled off at 3.6 percent, representing a deceleration of the steady downward trend seen over the past few years...
There was a slowing of Industrial leasing activity for the summer, but as Amazon proposes to expand their footprint, they have introduced a new type of warehouse to the region.
Pittsburgh's industrial market continues to see strong demand in 2021, with record net absorption and declining vacancy rates. While new construction projects are expected to deliver over 2 million square feet of new space in the next year, nearly half of all new construction is occurring in the West submarket to address the robust demand. Manufacturing activity has also increased, with several new facilities planned or under construction. Investor optimism remains high despite rising construction costs, as developers work to meet the need for industrial space in the Pittsburgh area.
Finning International Inc. is a dealer of Caterpillar heavy equipment and diesel engines. It operates in Canada, the UK/Ireland, and South America. The document recommends buying Finning stock with a target price of $37.79, representing a 13% upside. Key reasons include an expected recovery in oil and copper prices, Finning's competitive advantages through its exclusive CAT dealership, and improving returns on invested capital.
Finning International Inc. is a dealer of Caterpillar heavy equipment and diesel engines. It operates in Canada, the UK/Ireland, and South America. The document recommends buying Finning stock with a target price of $37.79, representing a 13% upside. Key factors include an expected recovery in oil and copper prices, Finning's competitive advantages through its exclusive CAT dealership, and improving returns on invested capital.
- The supply of natural gas has saturated the local market and the need for additional pipeline to transport the supply has become priority.
- Warehouse and distribution demand remains steady, but commitments from large users have yet to surface in 2017.
- Shell continues to buy more properties and land for the pipeline to the cracker plant, all while obtaining local approval to build the plant.
This document provides an analysis of the Q3 2020 Cincinnati industrial market. It finds that while transaction velocity has slowed from record highs in 2017-2018, development and leasing activity remain strong. Specifically:
- Over 1.2 million square feet of new construction delivered in Q3, with over 7 million square feet under construction.
- Major leases included Amazon, DB Schenker, and BarkBox occupying over 1 million square feet year-to-date.
- Vacancy increased slightly as more speculative construction delivered, though fundamentals remain healthy with strong demand from e-commerce and logistics firms.
JLL West Michigan Industrial Insight & Statistics - Q2 2018Harrison West
Conditions remain strong in the West Michigan industrial market. Vacancy currently sits at 3.9 percent, as over 1.1 million square feet has been absorbed so far in 2018. We continue to see positive rent growht, driven by compressed vacancies and high demand still in the market. Spaces have been leasing fast, and buildings that are for sale are not on the market for long.
JLL West Michigan Industrial Insight & Statistics - Q1 2020Harrison West
While West Michigan market has seen historically low vacancy figures and impressive rent growth the past few years, we should expect things to slow in Q2 as the effects of the COVID-19 pandemic begin to take hold. Market fundamentals remain stable; however, given the current uncertainty, we expect leasing and sales activity to slow considerably in the near term as occupiers evaluate their current and future space needs.
JLL Detroit Industrial Insight & Statistics - Q2 2017Harrison West
Market sentiment remains positive, yet leasing activity was somewhat muted in the second quarter. Low market availability for quality space has encouraged build-to-suit projects as well as speculative construction.
JLL Detroit Industrial Insight & Statistics - Q1 2019Harrison West
For the remainder of 2019, we expect the excellent fundamentals to remain. Rent growth should continue albeit at a slower pace than seen in previous quarters. The construction pipeline is healthy with over 3.1 million in development.
The document provides an overview and analysis of the Q4 2017 industrial real estate market in Cincinnati. It finds that the market saw strong activity throughout 2017, with high leasing velocity and steady construction levels keeping vacancy rates at record lows despite new supply coming online. Several large leases of newly constructed buildings were signed in Q4. The outlook for 2018 remains positive, with numerous planned developments in the pipeline and low vacancy indicating continued landlord dominance and rising rental rates.
- The redevelopment of a brownfield site in McKees Rocks known as the Rocks Multimodal Park could provide new industrial space, as progress has been slow on redeveloping other brownfield sites like Hazelwood Green.
- Vacancy rates in the region declined to new lows of 7.4% as more industrial space was absorbed, including Kenco Logistics taking a 455,000 square foot warehouse in Starpointe Industrial Park.
- While brownfield redevelopment projects take a long time due to zoning, permitting and cleanup costs, converting former industrial lands can help address the declining availability of space in the region.
JLL Detroit Industrial Insight & Statistics - Q4 2017Harrison West
Overall vacancy fell by six basis points to 5.7 percent, while average asking rents rose by ten cents to $4.98 per square foot. In total, 9.6 million square feet was absorbed in 2017. The total construction pipeline fell just shy of topping 4.0 million square feet, while 1.7 million square feet delivered throughout the year.
- Construction of new industrial developments is increasing in the Pittsburgh region, concentrated in the West and Beaver County submarkets, with over 1.3 million square feet under construction.
- While net absorption for the year remains low due to low vacancy rates, absorption is expected to increase as new developments deliver. Industrial leasing activity is shifting towards new construction projects.
- JobsOhio provided a $30 million grant to help advance plans for a potential second petrochemical facility in Belmont County, Ohio, which could further drive demand for industrial and distribution space in the region.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
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Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
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Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
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Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
3. Houston
Q4 2018
Industrial leasing activity
This report analyzes all closed industrial leases > 20,000 s.f.
46
2,744,780
2,533,926
210,854
-
212
19,123,403
Avg. building
construction date
44%
13%
15%
7%
19%
1%
Top 10 lease transactions during the quarter
Size Building status Year built
248,240 Planned 2019
225,500
Under
Construction
2019
204,118
Under
Construction
2019
194,293 Existing 1999
129,807 Existing 2000
127,526
Under
Construction
2019
104,975 Existing 1965
104,000 Existing 2013
103,466 Existing 2009
102,122
Under
Construction
2019
NT Logistics
900 Georgia Ave Southeast
Delta Petroleum Company
DirectSoutheastUndisclosed 1100 Pasadena Fwy
Access World 5515 Ameriport Pkwy Southeast Direct
Bermingham Controls 6535 Guhn Rd Northwest Sublease
Franklin Valve 500 Northpark Central Dr North Direct
MRC Global 1302 Wharton Weems Blvd Southeast
HydroChem
Direct
Colorado Boxed Beef Co 1190 West Loop N CBD Direct
Direct
Lease type
10565 Red Bluff Rd Southeast Direct
5515 Ameriport Pkwy Southeast
Southeast5411 Ameriport Pkwy Direct
Direct
UNIS Company
Tenant Address Submarket
Avg. lease size (in s.f.)
Relocation within market
Extension (< 36-month term)
Expansion in market
New to market
Renewal
Renewal and expansion
Leasing activity by submarket QTD
At a glance
Total leases QTD
Total s.f. leased QTD
Leasing activity by size QTD
Total s.f. leased QTD:
Warehouse/Distribution
Leasing activity QTD
2000
Total s.f. leased QTD:
Manufacturing
Leasing activity (s.f.) by transaction type QTD
Total s.f. leased QTD:
Special Purpose
Total leases YTD
59,669
Total s.f. leased YTD
9 13 28
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
100,000-249,999 50,000-99,999 20,000-49,999
Total leased Number of leases
52%
14%
14%
9%
8%
Southeast
North
Northwest
CBD
Southwest
Northeast
South
2,000,000
4,000,000
6,000,000
8,000,000
Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Historical leasing activity
Source: JLL Research 2019 Jones Lang LaSalle IP, Inc. All rights reserved.
4. Q4 2018
Industrial development
This report analyzes all industrial developments under construction & new deliveries > 30,000 s.f.
Total leased at delivery (%) 68.1%
Total speculative at delivery (s.f.) 5,302,479
Total BTS at delivery (s.f.) 3,587,776
Total Owner-User at delivery (s.f.) 1,017,149
Total # of properties delivered 62
Asking rental rate (low - high) Withheld
Top 5 projects delivered to date
Building RBA (s.f.) Delivery date
Leased at
delivery (%)
Amazon Distribution Center 1,016,000 Q1 2018 100%
Ravago Americas 712,740 Q1 2018 100%
525 Cane Island Pkwy 673,785 Q3 2018 0%
Emser Tile 601,426 Q2 2018 100%
Best Buy Distribution Center 554,000 Q4 2018 100%
Total pre-leased (%) 40.1%
Total speculative under construction (s.f.) 8,700,544
Total BTS under construction (s.f.) 2,051,170
Total Owner-user under construction (s.f.) 540,000
Total # of properties UC 52
Asking rental rate (low - high) Withheld
Top 5 projects currently under construction
Building RBA (s.f.) Delivery date Pre-leased (%)
Grocers Supply 727,600 Q2 2019 100%
Air 59 Logistics Center 685,400 Q4 2019 0%
Conn's Distribution Center 656,658 Q2 2019 100%
Port Crossing Commerce Center Bldg 2 600,360 Q1 2019 100%
PBP Building 519,224 Q2 2019 100%
BTS
Speculative
BTS
Submarket
Under construction
11,291,714
Under construction (s.f.)
Under construction in-depth
Upcoming deliveries by year (s.f., excludes YTD completions)
New deliveries
Completions in-depth
9,907,404
Total delivered YTD (s.f.)
Historical deliveries (s.f.)
Construction typeOwnerSubmarket
Southwest
North
Northwest
Southeast
Northwest
Seefried Properties
Hines
Oakmont Industrial
Ravago Americas
Duke Realty
BTS
Owner-user
Southeast
Southeast
North
North
North
BTS
Speculative
Owner Construction type
BTS
Artis REIT
Liberty Property Trust
Liberty Property Trust
Archway Properties
Liberty Property Trust
Speculative
BTS
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
2014 2015 2016 2017 2018
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
2019
BTS
Owner-user
Speculative
Source: JLL Research 2019 Jones Lang LaSalle IP, Inc. All rights reserved.
5. Houston
Q4 2018
Industrial sales activity
This report analyzes all industrial sales > 30,000 s.f.
$821,818,357
42
$87.69
5.15%
92.7%
7.3%
4.50-5.25% 0 0 $0
6.50-7.25% 0 42 $821,818,357
Top 10 sales transactions this year
Size (s.f.) $ p.s.f. Sale date
1,275,645 $116 Aug-18
1,047,797 $102 Sep-18
951,651 $85 Dec-18
700,644 Undisclosed Feb-18
674,418 $117 Aug-18
601,426 $82 Nov-18
554,000 $87 Nov-18
419,850 $61 Jul-18
351,960 $98 Apr-18
293,280 $70 Sep-18
10633, 10643 & 10653 W Airport
Blvd
Black Creek Group Crow Holdings $34,492,080
11833 Cutten Rd Black Creek Group Clay Development & Construction $20,529,600
636 Highway 90 Zurich Seefried Properties $47,967,364
Multiple Wilson Investment Properties Jaymar Investments $25,650,000
Multiple Cabot Properties Hines $79,200,000
10433 Ella Blvd Clarion Capital Hines $49,500,000
1190 West Loop N New Mountain Capital Cbbc Real Estate Holdings Inc $81,287,081
10700 Telge Rd Crow Holdings Albertsons Companies Undisclosed
10910 & 10920 W Sam Houston
Pkwy N
Exeter Property Group Adler Kawa Real Estate Advisors $148,000,000
7865-7909 Northcourt Rd ASB Capital Mgmt Barings $106,875,294
Building address Buyer company Seller company Sales price $
Core Class A Flex
Average partial interest
acquired
Number of domestic
buyers
Domestic capital $
Sales volume $ by submarket Top buyers (s.f.) Top sellers (s.f.)
Cap rate range Transactions details
Core Class A Ind.
Number of partial interest
transactions
Number of foreign
buyers
Foreign capital $
At a glance Sales activity by building type
Total volume YTD
Number of transactions YTD
Average Class A price p.s.f. YTD
Average Class A cap rate YTD
Warehouse/Dist. sales volume
as % of total YTD
Manufacturing sales volume as
% of total YTD
18%
15%
14%
10%
10%
9%
9%
8%
7%
Exeter Property Group
ASB Capital Mgmt
New Mountain Capital
Crow Holdings
Cabot Properties
Black Creek Group
Clarion Capital
Zurich
STAG Industrial
18%
18%
15%
14%
10%
8%
6%
6%
5%
Hines
Adler Kawa Real Estate Advisors
Barings
Cbbc Real Estate Holdings Inc
Albertsons Companies
Seefried Properties
Jaymar Investments
Clay Development & Construction
Crow Holdings
$761,558,447
$60,259,910
9,998,675
1,146,960
0 s.f.
2,000,000 s.f.
4,000,000 s.f.
6,000,000 s.f.
8,000,000 s.f.
10,000,000 s.f.
12,000,000 s.f.
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
$900,000,000
Warehouse / Distribution Manufacturing
$7,100,000
$71,295,404
$94,342,985
$106,799,600
$173,219,444
$369,060,924
South
Southeast
CBD
North
Southwest
Northwest
Source: JLL Research 2019 Jones Lang LaSalle IP, Inc. All rights reserved.
6. Q4 2018
Warehouse/Distribution large blocks
This report analyzes existing and under construction contiguous warehouse/distribution blocks > 100,000 s.f.
Address Submarket Block size Year built
Hwy 59 & Will Clayton Pkwy Northeast 685,400 2019
611 S Cravens Rd Southwest 477,355 2019
4600 Underwood Rd Southeast 404,160 2019
10700 Telge Rd Northwest 401,753 1983
9800 Derrington Rd Northwest 368,467 2019
30 Esplanade Blvd North 351,400 2019
2851 E Pasadena Blvd Southeast 349,050 2019
411 Brisbane St South 345,100 1973
8221 Volta Dr North 337,700 2019
5623 AmeriPort Pkwy Southeast 337,040 2019
Submarket concentrations
Total number of blocks
Total s.f. of blocks
Largest block
79
15,588,109
685,400
Northeast
Southwest
Southeast
Northwest
North
South
Top 10 largest contiguous blocks
CBD
Quick stats
685,400
477,355
404,160
401,753
351,400
345,100
238,011
Submarket
Houston
Largest block by submarket
Blocks by size
s.f.
Total market availability
197,318Average block
12
16
19
32
0
5
10
15
20
25
30
35
300,000 + 200,000 - 299,999 150,000 - 199,999 100,000 - 149,999
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18
Northwest,
4,969,498
North,
2,890,787 Northeast,
1,672,060
Southeast,
3,493,006
South,
578,100
Southwest,
1,274,681
CBD,
709,977
Source: JLL Research 2019 Jones Lang LaSalle IP, Inc. All rights reserved.