Houston's industrial market remains strong due to growth in the oil and gas industry. In Q2 2014, the market absorbed 1.6 million square feet of space. Year-to-date net absorption was positive 3.3 million square feet. Vacancy rates remained unchanged at 5.5% while average rental rates decreased slightly. The industrial construction pipeline includes 3.9 million square feet currently under construction. Houston's economy is expected to remain strong in 2014 due to continued job and energy sector growth.
Houston's industrial market remains healthy with low vacancy, stable rental rates, and positive net absorption. In Q2 2013, Houston posted 336,000 SF of net absorption, bringing the YTD total to 2.6M SF. The average vacancy rate increased slightly to 5.1% while average quoted rental rates rose 4.2% year-over-year. Demand for new industrial space continues to drive development, with 4.3M SF currently under construction, mostly speculative projects. Houston's economy is expected to remain strong due to continued expansion in the energy industry.
Houston's industrial market remains strong due to growth in the oil and gas industry. In Q1 2014, 1.9 million square feet of industrial space was absorbed. Vacancy rates rose slightly to 5.4% and average rental rates increased 2.4% compared to the previous quarter. Job and population growth in Houston are expected to sustain demand for industrial real estate throughout 2014.
Houston's industrial market remains strong with positive net absorption of 2.1 million square feet in Q4 2013, bringing total net absorption for the year to 7 million square feet. The average vacancy rate remained low at 5.2% as demand outpaced new supply. Rental rates increased both quarter-over-quarter and year-over-year due to low vacancy. New development is robust with 4.4 million square feet under construction to meet ongoing demand driven by job and population growth in Houston.
Houston’s Industrial Market Records 10.2M SF of Positive Net Absorption in 2014.
During the fourth quarter, 1.9M SF of Houston’s industrial inventory was absorbed, pushing year-end net absorption to 10.2M SF. Industrial leasing activity, which includes renewals, reached 3.4M SF in Q4.
1.4M SF of new product delivered in the fourth quarter, bringing the year-end total to over 8.6M SF. Additionally, almost 8.0M SF of industrial space is currently under construction and all but 650,000 SF is scheduled to deliver in 2015.
Houston’s average industrial vacancy rate decreased from 4.9% to 4.8% between quarters, and decreased from 5.3% over-the-year. The citywide average quoted industrial rental rate decreased 0.8% between quarters from $6.15 to $6.20 per SF NNN, and increased 4.0% on a year-over-year basis from $5.96 per SF NNN.
Houston’s industrial investment sales market is benefiting from the foreign capital that is pouring into the U.S. According to a recent survey by the Association of Foreign Investors in Real Estate (AFIRE), Houston ranked #3 in the top five U.S. cities for foreign investors.
The Houston metropolitan area created 120,600 jobs between October 2013 and October 2014, an annual increase of 4.3% over the prior year’s job growth. Sectors creating most of the jobs contributing to the annual increase include mining and logging, construction, transportation, warehousing and utilities, and health care and social assistance. Houston’s unemployment rate fell to 4.7% from 5.9% one year ago.
Houston's industrial market remains healthy, with positive net absorption of 1.1 million square feet in Q3 2013, bringing the year-to-date total to 4.5 million square feet. The vacancy rate increased slightly to 5.3% due to new space added. Rental rates increased both quarterly and year-over-year. Demand for new industrial space remains high, spurring 5.7 million square feet currently under construction, with over half in speculative developments.
The document summarizes Houston's industrial real estate market performance in Q2 2017. Some key points:
- Vacancy rate increased slightly from 5.3% to 5.5% as absorption slowed.
- Over 1.5 million square feet of new industrial space was delivered in Q2. There is currently 4.2 million square feet under construction, with 77.2% pre-leased.
- Two large new petrochemical plants were announced, reflecting continued growth in that industry in the Houston area.
- Average industrial rental rates decreased slightly both quarterly and annually as more available space entered the market.
The document summarizes industrial real estate trends in Houston, Texas in Q2 2018. Vacancy rates increased slightly to 5.5% as some tenants relocated from older buildings to newer, higher-quality space. Absorption turned negative as tenants left older buildings, though the overall market remains healthy. Over 12 million square feet of new industrial space is under construction, with several large distribution centers planned or underway. Job and economic growth in Houston continues to outpace national averages.
The industrial market in Austin saw slight decreases in vacancy rate and construction over Q2 2016, while rental rates reached all-time highs. Absorption increased significantly after a large positive jump. Two major industrial properties sold, with average sale prices and capitalization rates remaining high. Leasing activity remained strong, concentrated in the Southeast submarket.
Houston's industrial market remains healthy with low vacancy, stable rental rates, and positive net absorption. In Q2 2013, Houston posted 336,000 SF of net absorption, bringing the YTD total to 2.6M SF. The average vacancy rate increased slightly to 5.1% while average quoted rental rates rose 4.2% year-over-year. Demand for new industrial space continues to drive development, with 4.3M SF currently under construction, mostly speculative projects. Houston's economy is expected to remain strong due to continued expansion in the energy industry.
Houston's industrial market remains strong due to growth in the oil and gas industry. In Q1 2014, 1.9 million square feet of industrial space was absorbed. Vacancy rates rose slightly to 5.4% and average rental rates increased 2.4% compared to the previous quarter. Job and population growth in Houston are expected to sustain demand for industrial real estate throughout 2014.
Houston's industrial market remains strong with positive net absorption of 2.1 million square feet in Q4 2013, bringing total net absorption for the year to 7 million square feet. The average vacancy rate remained low at 5.2% as demand outpaced new supply. Rental rates increased both quarter-over-quarter and year-over-year due to low vacancy. New development is robust with 4.4 million square feet under construction to meet ongoing demand driven by job and population growth in Houston.
Houston’s Industrial Market Records 10.2M SF of Positive Net Absorption in 2014.
During the fourth quarter, 1.9M SF of Houston’s industrial inventory was absorbed, pushing year-end net absorption to 10.2M SF. Industrial leasing activity, which includes renewals, reached 3.4M SF in Q4.
1.4M SF of new product delivered in the fourth quarter, bringing the year-end total to over 8.6M SF. Additionally, almost 8.0M SF of industrial space is currently under construction and all but 650,000 SF is scheduled to deliver in 2015.
Houston’s average industrial vacancy rate decreased from 4.9% to 4.8% between quarters, and decreased from 5.3% over-the-year. The citywide average quoted industrial rental rate decreased 0.8% between quarters from $6.15 to $6.20 per SF NNN, and increased 4.0% on a year-over-year basis from $5.96 per SF NNN.
Houston’s industrial investment sales market is benefiting from the foreign capital that is pouring into the U.S. According to a recent survey by the Association of Foreign Investors in Real Estate (AFIRE), Houston ranked #3 in the top five U.S. cities for foreign investors.
The Houston metropolitan area created 120,600 jobs between October 2013 and October 2014, an annual increase of 4.3% over the prior year’s job growth. Sectors creating most of the jobs contributing to the annual increase include mining and logging, construction, transportation, warehousing and utilities, and health care and social assistance. Houston’s unemployment rate fell to 4.7% from 5.9% one year ago.
Houston's industrial market remains healthy, with positive net absorption of 1.1 million square feet in Q3 2013, bringing the year-to-date total to 4.5 million square feet. The vacancy rate increased slightly to 5.3% due to new space added. Rental rates increased both quarterly and year-over-year. Demand for new industrial space remains high, spurring 5.7 million square feet currently under construction, with over half in speculative developments.
The document summarizes Houston's industrial real estate market performance in Q2 2017. Some key points:
- Vacancy rate increased slightly from 5.3% to 5.5% as absorption slowed.
- Over 1.5 million square feet of new industrial space was delivered in Q2. There is currently 4.2 million square feet under construction, with 77.2% pre-leased.
- Two large new petrochemical plants were announced, reflecting continued growth in that industry in the Houston area.
- Average industrial rental rates decreased slightly both quarterly and annually as more available space entered the market.
The document summarizes industrial real estate trends in Houston, Texas in Q2 2018. Vacancy rates increased slightly to 5.5% as some tenants relocated from older buildings to newer, higher-quality space. Absorption turned negative as tenants left older buildings, though the overall market remains healthy. Over 12 million square feet of new industrial space is under construction, with several large distribution centers planned or underway. Job and economic growth in Houston continues to outpace national averages.
The industrial market in Austin saw slight decreases in vacancy rate and construction over Q2 2016, while rental rates reached all-time highs. Absorption increased significantly after a large positive jump. Two major industrial properties sold, with average sale prices and capitalization rates remaining high. Leasing activity remained strong, concentrated in the Southeast submarket.
The Houston industrial market ended the fourth quarter of 2016 with positive net absorption of 1.9 million square feet. However, this was substantially lower than the previous quarter's absorption of 6.3 million square feet, which was driven largely by a single large tenant. The average industrial vacancy rate in Houston increased slightly over the quarter to 5.6% while rental rates increased 3.3% citywide. Approximately 70% of new space delivered in the quarter was pre-leased, and 78% of space under construction is also pre-leased.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand from companies expanding in or relocating to the Houston area. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate and boosting home sales, ensuring continued economic growth for Houston.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
The document summarizes industrial real estate market trends in Houston, Texas for Q1 2018. It finds that industrial construction activity increased significantly over the quarter, with over 9.2 million square feet completed, driven by demand from companies like Amazon, Walmart, and FedEx. Absorption of occupied space was strong at over 1.5 million square feet during the quarter, while vacancy rates remained low. The industrial market continues to be supported by job and economic growth in the Houston area.
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
The Houston industrial market felt the effects of falling oil prices in the fourth quarter of 2015. Absorption slowed and vacancy increased slightly, though remained low overall. Asking rental rates leveled off after significant growth in 2015. Notable activity included large lease renewals by Exel and Michelin and a new 800,000 square foot FedEx facility under construction. Trends to watch include slowing job growth and the impact of lower energy sector employment on industrial submarkets.
Houston's industrial market saw positive net absorption of 3 million square feet in the third quarter of 2017. Vacancy rates decreased slightly to 5.4% as demand for distribution and warehouse space continues to grow. Companies like Amazon, DHL, and FedEx absorbed over 1.5 million square feet by opening new distribution and logistics hubs. Over 5 million square feet of new industrial space is under construction, though vacancy rates remain low across several submarkets.
This document provides an overview of the industrial real estate market in Austin, TX for the first quarter of 2021. Key points include:
- Net absorption was 207K SF with vacancy at 7.9%, continuing the positive trends seen in late 2020.
- Population growth in Austin remains very strong at 184 people per day, fueling demand for industrial space from retailers, manufacturers, and logistics companies.
- Over 1.6M SF of new industrial space is under construction, but continued strong demand is expected to absorb space as it delivers through 2022.
The Houston industrial market is strengthening in Q3 2010, with positive net absorption of 1.8 million square feet bringing the year-to-date total to 4.4 million square feet. Occupancy increased slightly to 93.9% while quoted rental rates decreased by 0.4% from the previous quarter but were 10.8% lower than Q3 2009 rates. Absorption was strongest in the Northwest and North corridors, while new construction remained limited at only 218,918 square feet under development. The market is expected to continue gradual improvement as the local economy recovers.
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.
Share or view online at colliers.com/houston
Houston’s industrial market continues to expand adding 3.4M SF of new inventory in Q1 2019 with an additional 16.2M SF under construction
Austin's industrial market continues to fire on all cylinders.
Austin’s industrial market continues to progress as rental rates rise yet again in the second quarter. The citywide average quoted rental rate increased by 1.6% between quarters from $8.21 to $8.34 per SF NNN, and increased 18.5% on a year-to-year basis from $7.04 per SF NNN.
Vacancy dropped 140 basis points over the quarter from 10.2% to 8.8%, continuing to gradually decrease after a small increase last quarter.
Three buildings totaling 207,008 SF delivered in the second quarter, two of which are in Hays County, a growing submarket south of Austin.
According to the Texas Workforce Commission, the Texas economy and employment across all major industry sectors continue to grow. Austin’s unemployment rate fell to 3.4% from 4.6% over the year, lower than both the state and national average.
Austin was the third fastest growing metro area in the nation during the past year with the population expanding by 3% between July 2013 and July 2014, according to the U.S. Census Bureau’s recent data. Hays County alone was the fifth fastest growing county in the nation over the past year.
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.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
2019 Q4 Industrial St. Louis Report ColliersColliersSTL
The St. Louis industrial market saw record construction levels in 2019, with 6.29 million square feet completed, driven by build-to-suit projects. Notable projects included two buildings for World Wide Technology totaling 2 million square feet in the Metro East submarket. Overall vacancy rose slightly to 6.53% due to speculative construction deliveries, while rents decreased slightly and absorption remained strong at over 4.6 million square feet. The Metro East submarket accounted for over half of total vacant space but also the most construction, leasing, and positive absorption.
Austin's industrial market saw positive net absorption for the first time in 2017, with 324,922 SF absorbed in Q4. Vacancy rates decreased to 8.7% as several large tenants moved into new spaces, including Free Speech Systems taking 32,000 SF. Over 500,000 SF of new construction is expected to deliver in Q1 2018, with over 1 million SF under construction overall, as demand remains strong. Rental rates saw marginal decreases across the board but activity remained high, with over 1 million SF leased in Q4.
The document discusses PeopleSoft AppConnect, which allows users to integrate business applications, unify global business processes, and consolidate data in real time. It does this through the PeopleSoft Integration Broker, which connects business applications and allows data to be transformed and routed between systems. The Integration Broker uses pre-built connectors and understands synchronous and asynchronous messaging to seamlessly integrate systems.
Yahoo! had a successful year in 2000 despite challenges in the industry and economic environment. Some key accomplishments included maintaining its position as the #1 ranked global network, establishing itself as one of the top 40 most valuable brands in the world, and growing its consumer base to over 180 million users worldwide. The company is well positioned for continued growth and success in 2001 by focusing on its leadership position and building out business and enterprise services. A new CEO will be hired to help further expand Yahoo!'s management expertise and strategic initiatives.
ClearedJobs.Net Cleared Job Fair Job Seeker's Handbook March 18thClearedJobs.Net
At each ClearedJobs.Net Cleared Job Fair we produce a Job Seekers Handbook with full descriptions for each company and the positions that they are hiring for. This is the handbook for the March 18th Cleared Job Fair.
The Houston industrial market ended the fourth quarter of 2016 with positive net absorption of 1.9 million square feet. However, this was substantially lower than the previous quarter's absorption of 6.3 million square feet, which was driven largely by a single large tenant. The average industrial vacancy rate in Houston increased slightly over the quarter to 5.6% while rental rates increased 3.3% citywide. Approximately 70% of new space delivered in the quarter was pre-leased, and 78% of space under construction is also pre-leased.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand from companies expanding in or relocating to the Houston area. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate and boosting home sales, ensuring continued economic growth for Houston.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
Houston's industrial market remains healthy with low vacancy of 5%, positive net absorption of 1.3 million square feet in Q1 2013, and increasing rental rates. New construction totaling 2.7 million square feet was underway to meet continued demand driven by job and population growth. The Houston metro area added over 118,000 jobs in the last year, lowering the unemployment rate to 6.3%, which supported increased industrial leasing activity of 3.3 million square feet in Q1 2013.
The document summarizes industrial real estate market trends in Houston, Texas for Q1 2018. It finds that industrial construction activity increased significantly over the quarter, with over 9.2 million square feet completed, driven by demand from companies like Amazon, Walmart, and FedEx. Absorption of occupied space was strong at over 1.5 million square feet during the quarter, while vacancy rates remained low. The industrial market continues to be supported by job and economic growth in the Houston area.
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
The Houston industrial market felt the effects of falling oil prices in the fourth quarter of 2015. Absorption slowed and vacancy increased slightly, though remained low overall. Asking rental rates leveled off after significant growth in 2015. Notable activity included large lease renewals by Exel and Michelin and a new 800,000 square foot FedEx facility under construction. Trends to watch include slowing job growth and the impact of lower energy sector employment on industrial submarkets.
Houston's industrial market saw positive net absorption of 3 million square feet in the third quarter of 2017. Vacancy rates decreased slightly to 5.4% as demand for distribution and warehouse space continues to grow. Companies like Amazon, DHL, and FedEx absorbed over 1.5 million square feet by opening new distribution and logistics hubs. Over 5 million square feet of new industrial space is under construction, though vacancy rates remain low across several submarkets.
This document provides an overview of the industrial real estate market in Austin, TX for the first quarter of 2021. Key points include:
- Net absorption was 207K SF with vacancy at 7.9%, continuing the positive trends seen in late 2020.
- Population growth in Austin remains very strong at 184 people per day, fueling demand for industrial space from retailers, manufacturers, and logistics companies.
- Over 1.6M SF of new industrial space is under construction, but continued strong demand is expected to absorb space as it delivers through 2022.
The Houston industrial market is strengthening in Q3 2010, with positive net absorption of 1.8 million square feet bringing the year-to-date total to 4.4 million square feet. Occupancy increased slightly to 93.9% while quoted rental rates decreased by 0.4% from the previous quarter but were 10.8% lower than Q3 2009 rates. Absorption was strongest in the Northwest and North corridors, while new construction remained limited at only 218,918 square feet under development. The market is expected to continue gradual improvement as the local economy recovers.
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.
Share or view online at colliers.com/houston
Houston’s industrial market continues to expand adding 3.4M SF of new inventory in Q1 2019 with an additional 16.2M SF under construction
Austin's industrial market continues to fire on all cylinders.
Austin’s industrial market continues to progress as rental rates rise yet again in the second quarter. The citywide average quoted rental rate increased by 1.6% between quarters from $8.21 to $8.34 per SF NNN, and increased 18.5% on a year-to-year basis from $7.04 per SF NNN.
Vacancy dropped 140 basis points over the quarter from 10.2% to 8.8%, continuing to gradually decrease after a small increase last quarter.
Three buildings totaling 207,008 SF delivered in the second quarter, two of which are in Hays County, a growing submarket south of Austin.
According to the Texas Workforce Commission, the Texas economy and employment across all major industry sectors continue to grow. Austin’s unemployment rate fell to 3.4% from 4.6% over the year, lower than both the state and national average.
Austin was the third fastest growing metro area in the nation during the past year with the population expanding by 3% between July 2013 and July 2014, according to the U.S. Census Bureau’s recent data. Hays County alone was the fifth fastest growing county in the nation over the past year.
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.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
2019 Q4 Industrial St. Louis Report ColliersColliersSTL
The St. Louis industrial market saw record construction levels in 2019, with 6.29 million square feet completed, driven by build-to-suit projects. Notable projects included two buildings for World Wide Technology totaling 2 million square feet in the Metro East submarket. Overall vacancy rose slightly to 6.53% due to speculative construction deliveries, while rents decreased slightly and absorption remained strong at over 4.6 million square feet. The Metro East submarket accounted for over half of total vacant space but also the most construction, leasing, and positive absorption.
Austin's industrial market saw positive net absorption for the first time in 2017, with 324,922 SF absorbed in Q4. Vacancy rates decreased to 8.7% as several large tenants moved into new spaces, including Free Speech Systems taking 32,000 SF. Over 500,000 SF of new construction is expected to deliver in Q1 2018, with over 1 million SF under construction overall, as demand remains strong. Rental rates saw marginal decreases across the board but activity remained high, with over 1 million SF leased in Q4.
The document discusses PeopleSoft AppConnect, which allows users to integrate business applications, unify global business processes, and consolidate data in real time. It does this through the PeopleSoft Integration Broker, which connects business applications and allows data to be transformed and routed between systems. The Integration Broker uses pre-built connectors and understands synchronous and asynchronous messaging to seamlessly integrate systems.
Yahoo! had a successful year in 2000 despite challenges in the industry and economic environment. Some key accomplishments included maintaining its position as the #1 ranked global network, establishing itself as one of the top 40 most valuable brands in the world, and growing its consumer base to over 180 million users worldwide. The company is well positioned for continued growth and success in 2001 by focusing on its leadership position and building out business and enterprise services. A new CEO will be hired to help further expand Yahoo!'s management expertise and strategic initiatives.
ClearedJobs.Net Cleared Job Fair Job Seeker's Handbook March 18thClearedJobs.Net
At each ClearedJobs.Net Cleared Job Fair we produce a Job Seekers Handbook with full descriptions for each company and the positions that they are hiring for. This is the handbook for the March 18th Cleared Job Fair.
The EAGLE XG ENUM Server is a high-capacity database that consolidates both IP and TDM subscriber information in a single network element. This allows for more efficient routing of services like VoIP calls, SMS, and MMS within and between networks. The database supports number portability and can handle up to 30,000 transactions per second. It provides a way to map phone numbers to URLs to route calls between IP and circuit-switched networks during the transition to all-IP networks.
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This document provides information about a retail leasing opportunity located at Yonge Street and Eglinton Avenue in Toronto. Specifically, it summarizes the following:
- The property has approximately 75,000 square feet of retail space across two floors, with over 200 feet of frontage on Yonge Street.
- The ground floor retail space is divisible into options ranging from 353 to 9,877 square feet for restaurants and junior anchors.
- The area is a popular neighborhood for young professionals and sees continued residential and commercial development.
While many CIOs point to cost savings as the primary driving force of their Cloud initiatives, a growing number are seeing broader benefits that are focusing their team on delivering greater business value. Hudson CIO Mike Whitmer, and Trex CIO Kirby Miner presented a webinar on migrating to the Cloud and the ramifications on their budgets, their business and their people.
Topics include:
• Real-world Cloud ROI calculations: benchmark your potential for cost savings
• The business case for migrating to Cloud: to share outside the IT department
• How to get started with a hybrid approach: so you can see immediate benefit
• How the Cloud will impact your staff: key issues to address within your organization
Hudson CIO Series: 6 Reasons for Cloud Computingguest51aa87
This document discusses 6 reasons why mid-size companies should embrace cloud computing now. It argues that the cloud provides benefits such as lower costs through reduced infrastructure expenses, scalability to address fluctuating resource needs, faster access to new technologies, improved usability by allowing access from anywhere on any device, enhanced security and disaster recovery through the cloud provider's expertise and resources, and simpler management through the "pay as you go" model. The document provides perspectives from a CIO of a mid-size company that has adopted a hybrid cloud strategy.
Hugh Livingstone is the Managing Director of the Vancouver office of MacKay LLP, a group of accounting professionals focused on entrepreneur success. The document introduces several principals and managers at MacKay LLP who can provide accounting, tax, and succession planning strategies to help entrepreneurs with timely information, right resources, and minimize risk for growth. MacKay LLP offers services including financial reporting, tax strategies, cash flow management, SR&ED, mergers and acquisitions, succession planning, and audits.
The document describes a day-long series of dance classes being held at the Ralph Thornton Centre in Toronto on April 26th, 2014. Various styles of dance will be taught from 11am to 7pm, including contact improv, international folk dancing, country line dancing, salsa, Bollywood, hip hop, breaking, and belly dancing. Each class lists the teacher and their background, as well as what to bring for bartering/payment. Attendees are encouraged to get involved as organizers or volunteers and can find more information on Facebook, Twitter or by subscribing to the newsletter.
1. Alternative messaging apps like Telegram, Viber, and Voxer offer additional features beyond standard smartphone apps, including group messaging, file sharing, and push-to-talk walkie-talkie capabilities.
2. The UrgentCall app ensures emergency messages get through even when a phone is silenced, but only from preselected callers who must prove a situation is truly important.
3. The hydrogen-powered Upp fuel cell provides portable off-the-grid USB charging for electronics from its compact and lightweight design, delivering power for extended periods from replaceable hydrogen cartridges.
Sotheby's Farm and Ranch, Luxury Home Listing PresentationEric West
Eric West is an established real estate adviser representing buyers and sellers of farms, ranches, and luxury homes in Colorado, Wyoming, and Kansas. As a broker with Sotheby's International Realty, he focuses on luxury properties and has experience with notable multi-million dollar transactions. He has earned designations like the ALC from the National Association of Realtors requiring over 100 classroom hours and $10 million in closed transactions. Eric was named Cabela's Trophy Properties Realtor of the Year for his client services.
The document lists event planning and management services provided by ABC Event Planning between 2007 and 2009 in San Francisco, California. It includes over a dozen private and corporate events hosted at various venues in the city, such as product launches, conferences, parties and film screenings for companies like Epitomics, Admiral Insurance, and Belkin. Contact information is provided at the end.
177-181 Fremont St is a 3-story, 34,560 square foot Class B office building located in the South Financial District submarket of San Francisco. The building, constructed in 1908 and renovated in 1972, is 73.6% leased with 9,140 square feet of available space on the second floor that can be leased directly from the owner at $22 per square foot per year, plus services. The property is managed by Colliers International.
Lennard welcomes two new agents, Joseph Wise and David Cape, to its growing team. The document provides contact details for agents in Lennard's Downtown Toronto and Mississauga offices. It also lists available commercial real estate listings, including office, retail, industrial, and investment properties in both locations.
8071 Sepulveda blvd. and 8040 Langdon Avenue, Van Nuys, CA - Complete packagearivani
The document is a confidential offering memorandum for a proposed senior housing development project located at 8071 Sepulveda Boulevard in Los Angeles. It includes details on the 3 parcel site, surrounding properties, proposed site plan layout with 103 units across 3 buildings, unit mix, parking, open space, and building specifications. The development would provide affordable housing for low-income seniors.
Hugh Livingstone is the Managing Director of the Vancouver office of MacKay LLP, a group of accounting professionals focused on entrepreneur success. The document introduces several principals and managers at MacKay LLP who can provide accounting, tax, and succession planning advice to help entrepreneurs minimize risk and position their businesses for growth. MacKay LLP offers services including financial reporting, tax strategies, cash flow management, SR&ED credits, mergers and acquisitions, audits, and succession planning.
The industrial market in Austin saw positive net absorption and increased construction in Q3 2019:
- Net absorption was 116,788 square feet as large tenants occupied significant space.
- Average rental rates increased slightly citywide while flex/R&D rates decreased slightly.
- Over 1.6 million square feet of industrial space was under construction across 23 projects.
- Vacancy rates increased slightly to 8.6% due to new developments posting vacant space.
- Absorption remained high and rental rates increased modestly as demand continued.
Houston's office market had strong positive net absorption of 2.3 million square feet in Q1 2014, the highest since 2007. Vacancy rates declined slightly while rental rates increased across the market. Major energy companies are expanding and adding new office projects. The local economy is expected to remain strong in 2014 with continued healthy job and population growth.
Austin's industrial market posted positive net absorption of 382,166 SF in Q1 2018. Rental rates increased slightly citywide and in submarkets. Vacancy decreased to 7.6% overall. Several large leases were signed, including XPO Last Mile taking 57,500 SF. Over 500,000 SF of new product is set to deliver in Q2 2018, with over half being build-to-suit. Construction continued with over 1 million SF under construction.
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.
Houston's office market continues to see strong growth, with over 17.8 million square feet currently under construction. Net absorption was positive 1.6 million square feet in Q2 2014, pushing the year-to-date net absorption to a positive 2.2 million square feet. The average rental rate increased 1% over the quarter to $26.52 per square foot, as the economy remains healthy due to job and energy sector growth.
The industrial vacancy rate in Austin dropped to 7.8% by the end of 2015, falling 270 basis points over the year. Net absorption for the year reached over 2 million square feet. Rental rates decreased slightly to $9.32 per square foot on average. Over 1 million square feet of industrial space was under construction in Q4, including an 855,000 square foot Amazon distribution center.
Houston's office market saw positive net absorption of 715,000 SF in Q3 2013, with rental rates increasing citywide. Over 10.5M SF of new office space is under construction. The vacancy rate rose slightly to 15.4% due to new inventory delivery, though CBD vacancy declined. Strong job and economic growth are expected to continue driving demand for office space.
Austin's industrial rental rates reached an all-time high in Q3 2015, rising 4.2% over the previous quarter to $8.95 per square foot. Vacancy dropped 70 basis points to 8.5%, the lowest rate ever recorded. Net absorption decreased slightly but was still the second highest on record, with 695,013 square feet absorbed. Rental rates are expected to continue rising as demand remains strong due to job and population growth in Austin.
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.
Austin’s industrial market rental rates rise after nearly a decade of stagnant rates.
Since the first quarter of 2014, citywide rates have been on the rise after years of stagnation. The citywide average quoted industrial rate increased by 4.5% between quarters from $7.99 to $8.35 per SF NNN, and increased 21% on a year-to-year basis from $6.90 per SF NNN.
Though vacancy increased slightly over the quarter from 8.4% to 8.8%, likely due to the high amount of industrial product delivered last year, Austin’s citywide vacancy rate has been steadily decreasing since Q1 2010.
Only one building, totaling 199,865 square feet, delivered in the first quarter and 692,895 square feet are currently under construction. All but one of these buildings is scheduled to deliver in the second quarter of 2015.
According to the Texas Workforce Commission, the Texas economy and employment across all major industry sectors continue to grow. Austin’s unemployment rate fell to 3.4% from 4.6% over the year, lower than both the state and national average.
Austin was the third fastest growing metro area in the nation during the past year with the population expanding by 3% between July 2013 and July 2014, according to the U.S. Census Bureau’s recent data.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong, with 118,700 new jobs added in the last year and unemployment falling to 6.3%.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong in Q1, with 118,700 new jobs added in the past year and unemployment falling to 6.3%.
The Houston retail market posted positive net absorption of 397,000 square feet in Q1 2013, with vacancy declining slightly to 7.0%. Rental rates increased to an average of $14.68 per square foot. New retail space under construction totaled 585,000 square feet. The Houston job market and economy remained strong in Q1, with 118,700 new jobs added in the past year and unemployment falling to 6.3%.
The St. Louis industrial market had more then three million square feet of absorption in the third quarter. Find out more in our latest Industrial Outlook.
Houston's office market saw strong absorption in Q4 2013, pushing full-year absorption to 2.9 million square feet. Vacancy rates declined slightly both quarter-over-quarter and year-over-year as energy companies expanded. Rental rates increased across the board, with average Class A rents in the CBD rising 2.6% and suburban Class A rents up 1.3%. Absorption was driven by energy sector tenants taking large blocks of space for expansion projects. The economy is expected to remain strong in 2014 with continued job and population growth.
Similar to Q2 2014 Houston Industrial Market Report (15)
According to the document:
- Office activity has picked up significantly in the past quarter, with demand focused on newer Class A space in the CBD, South Central, and East areas of Austin. This has driven up rental rates in these core areas.
- Sublease space has received significant attention, with many subleases being occupied or nearing lease documentation. This allows tenants to avoid long construction timelines and realize substantial cost savings versus building out their own space.
- Overall vacancy remained at 19.3% as net absorption was negative, but delivery of new supply also slowed, suggesting continued strong demand. Rental rates across Austin increased slightly but remained flat in suburban areas.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
The industrial market in Austin, TX continued to experience tight supply and strong demand in the second quarter of 2021. Net absorption was 1,006,935 SF while vacancy dropped to 6.6%. However, the large development pipeline will not provide meaningful relief on vacancy until late 2021 and early 2022 as 2.3 million SF is currently under construction. With constrained supply across all size ranges, escalating rents and limited concessions are expected to continue through the rest of the year.
The industrial real estate market in Austin saw tremendous growth and demand in 2020, driven primarily by e-commerce including Amazon expanding its footprint six-fold. Additionally, Tesla's announcement of a new gigafactory in Austin increased demand from suppliers. Available big box space over 100,000 SF became scarce as large requirements competed for limited supply. Developers responded by rapidly pursuing new developments to meet rising demand.
The Houston office market continued to contract in Q4 2020 with negative absorption of 836,140 square feet. Vacancy rates increased to 21.7% as the COVID pandemic continued to impact the market. Rental rates remained steady while landlord concessions became more aggressive. The outlook remains uncertain depending on vaccine distribution and return to office trends.
The Woodlands office market posted negative net absorption of 130,960 SF in Q3 2020, pushing the year-to-date total to negative 915,333 SF. The average Class A rental rate decreased to $36.85 per SF while the Class B rate increased to $33.42 per SF. Sublease availability rose with 371,974 SF for Class A and 79,878 SF for Class B. Leasing activity declined 43% from the previous quarter.
The Fort Bend commercial real estate market saw modest improvements in the third quarter of 2020. The office vacancy rate declined slightly while absorption and rental rates decreased. Medical office vacancy rose slightly while rental rates increased. Industrial vacancy rose due to new inventory additions, though rental rates increased and absorption was positive. Retail vacancy and negative absorption increased while rental rates rose. Several new commercial projects are under construction.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
The Woodlands office submarket in Houston, Texas recorded negative net absorption of 129,342 square feet in the second quarter of 2020, pushing the mid-year 2020 total net absorption to negative 239,835 square feet. Specifically, Class A space saw negative absorption due to a tenant vacating 134,000 square feet, while Class B space recorded negative absorption of 46,053 square feet. Rental rates for both Class A and B space remained stable despite the increase in vacancy rates caused by the negative absorption.
The Fort Bend commercial real estate market saw declines across most sectors in Q2 2020. The office vacancy rate rose to 11.8% with negative absorption, while average rents fell slightly. Medical office vacancy increased to 15.3% while rents rose. Industrial vacancy remained at 9.4% despite positive absorption as new inventory was added. Retail vacancy increased to 6.9% with negative absorption, as average rents grew slightly. Several new commercial projects are under construction across sectors totaling over 1.2 million square feet.
The document discusses how the COVID-19 pandemic has negatively impacted Houston's healthcare real estate market. Healthcare systems have seen their bottom lines impacted by the cancellation of profitable elective surgeries and costs associated with treating COVID-19 patients. As a result, previously planned expansions have been put on hold or scaled back as healthcare providers reduce expenses and medical office leasing activity has slowed. Some construction projects are still moving forward but larger, more ambitious capital projects have been delayed until the effects of the pandemic subside.
Austin's office market saw a large increase in sublease space availability in Q2 2020, with over 100,000 square feet added from several large companies. The sublease availability increased over 40% compared to the start of Q2, reflecting the economic challenges brought on by the COVID-19 pandemic. However, construction continued on projects like Google and Indeed's downtown towers, and Tesla announced plans for a new factory in Austin, showing signs that Austin remains an attractive market. Vacancy rates increased overall to 13.6% as net absorption turned negative, but some submarkets did see positive absorption.
The Woodlands Class A office market recorded positive net absorption of 277,596 square feet in Q1 2020, while Class B properties saw negative net absorption of 391,360 square feet. Rental rates for Class A properties were $38.58 per square foot on average in Q1 2020 compared to $32.18 for Class B. Vacancy rates for Class A were 7.3% compared to 18.6% for Class B.
The Fort Bend commercial real estate market saw improvements in the office and medical office sectors in Q1 2020. The office vacancy rate decreased while absorption and rental rates increased. Medical office saw declines in vacancy rate and rental rates. The industrial sector grew with strong absorption, but vacancy also increased significantly due to new inventory. Retail rental rates increased slightly while vacancy and absorption decreased. Several new developments are underway across property types.
The document provides a quarterly market report on the Houston retail sector in Q1 2020. It summarizes that the sector was healthy in Q1 but will be negatively impacted by COVID-19 going forward. Key statistics for Q1 2020 include a vacancy rate of 5.4% and 429,013 SF of net absorption. However, retail has been hardest hit by the economic shutdown, and vacancy is predicted to spike to over 12% with store closures. The future impact on the sector is difficult to predict due to the pandemic.
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Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
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1. www.colliers.com/houston
Q2 2014 | INDUSTRIAL MARKET
2%
3%
4%
5%
6%
7%
8%
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
Absorption New Supply Vacancy
Houston’s industrial market remains one of the healthiest U.S. industrial
markets, its continued expansion sustained primarily due to the growth in the
oil and gas industry. Texas is expected to produce more oil and gas than all
but one of the OPEC nations in 2014 due to the booming Eagle Ford Shale
and Permian Basin, and Houston’s industrial real estate market will benefit
from that rapidly increasing production.
During the second quarter, 1.6M SF of Houston’s industrial inventory was
absorbed, bringing year-to-date net absorption to a positive 3.3M SF.
Industrial leasing activity which includes renewals, reached 3.3M SF, almost
1M SF less than seen in the previous quarter. 2.6M SF of new product
delivered during the second quarter, pushing 2014 year-to-date deliveries to
5.6M SF. Additionally, 3.9M SF of industrial space is currently under
construction. Houston’s average industrial vacancy rate remained
unchanged between quarters at 5.5% and increased 60 basis points from
4.9% to 5.5%, year to date. The citywide average quoted industrial rental rate
decreased 0.3% between quarters from $6.11 to $6.09 per SF NNN, and
increased 5.0% on a year-over-year basis from $5.80 per SF NNN.
The Houston metropolitan area added 93,300 jobs between May 2013 and
May 2014, an annual increase of 3.3% over the prior year’s job growth. Local
economists have forecast 2014 job growth to remain strong, expecting
between 68,000 and 72,000 new jobs. Houston’s unemployment rate fell to
5.0% from 6.1% one year ago. Houston area home sales were down by
7.3% between May 2013 and May 2014, the first decline in the past 34
months. The reduction was due almost primarily to a lack of inventory.
Houston’s economy is expected to remain strong in 2014 due to healthy job
growth and continued expansion in the energy sector.
RESEARCH & FORECAST REPORT
HOUSTON INDUSTRIAL MARKET
ABSORPTION, NEW SUPPLY & VACANCY RATES
Houston’s Industrial Market Delivers 5.6M SF of New
Inventory in the First Half of 2014
HOUSTON INDUSTRIAL
MARKET INDICATORS
Q2 2013 Q2 2014
CITYWIDE NET
ABSORPTION (SF) 1.7M 1.6M
CITYWIDE AVERAGE
VACANCY 4.9% 5.5%
CITYWIDE AVERAGE
RENTAL RATE $5.80 $6.09
SF DELIVERED 1.7M 2.6M
SF UNDER
CONSTRUCTION 4.3M 3.9M
Houston
UNEMPLOYMENT 5/13 5/14
HOUSTON 6.1% 5.0%
TEXAS 6.3% 5.1%
U.S. 7.3% 6.1%
JOB GROWTH
ANNUAL
CHANGE
# OF JOBS
ADDED
HOUSTON 3.3% 93.3K
TEXAS 3.4% 375.3K
U.S. 1.8% 2.4M
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted)
2. RESEARCH & FORECAST REPORT | Q2 2014 | HOUSTON INDUSTRIAL MARKET
COLLIERS INTERNATIONAL | P.2
Vacancy & Availability
Houston’s industrial vacancy rate
remained unchanged between
quarters at 5.5%, and increased by 60
basis points from 4.9% to 5.5%, year
to date. At the end of the second
quarter, Houston had 26.8M SF of
vacant industrial space. Among the
major industrial corridors, the
Northeast Corridor has the lowest
vacancy rate at 3.2%, followed by the
Northwest Corridor at 4.1% and then
the Southern Corridor at 4.2%. The
largest concentration of vacancy is
located in the North Corridor, with an
8.0% vacancy rate.
Houston’s industrial construction
pipeline had 3.9M SF of projects
underway at the end of the second
quarter, the majority of which being
spec development. The largest
project under construction is
Panattoni’s 441,000-SF spec
warehouse located on N. Gessner in
the Northwest Corridor. A list of
buildings currently under construction
can be found on Page 4 of this report.
Rental Rates
According to CoStar, our data service
provider, Houston’s citywide average
quoted industrial rental rate for all
product types decreased 0.3% from
$6.11 per SF NNN in the first quarter
to $6.09 per SF NNN in the second
quarter. According to Colliers’ internal
data, actual lease transactions are in
the $4.44 – $4.92 per SF NNN range
for newer bulk industrial spaces, while
flex rates are ranging from $6.60 to
$9.00 per SF, depending on the
allowance for tenant improvements
and the location of the property. By
property type, the average quoted
NNN rental rates are as follows: $5.71
per SF for Warehouse Distribution
space; $4.34 per SF for Bulk Logistics
space; $10.11 per SF for Flex/Service
space; with Tech/R&D space
averaging $10.87 per SF, according
to CoStar.
Absorption & Demand
Houston’s industrial market posted
1.6M SF of positive net absorption in
the second quarter, with the North
Corridor submarket contributing the
largest amount, 821,071 SF, followed
by the Northwest Corridor which
posted 284,086 SF, the Southwest
Corridor at 259,871 SF, and the
Southern Corridor at 221,969 SF of
net positive absorption.
There were several major tenant
move-ins contributing to net
absorption gains in the second
quarter, including Kauffman Tire
(91,200 SF); Atlanta Food
International (84,600 SF); Poly Bags
(62,600 SF); International Rags, Ltd.
(62,500 SF); Gas Process Equipment
Co. (47,500 SF); FreshPak (44,800
SF); Chadwell Supply (43,500 SF);
ToolMart (38,100 SF) and Nordyne
LLC (37,500 SF).
Leasing
Houston’s industrial leasing activity
reached 3.3M SF in the second
quarter. A list of select second
quarter industrial lease transactions
are included in the table below.
1 Renewal
2 Expansion
3 Sublease
4Pre-lease proposed or under construction
Building Name/Address Submarket SF Tenant Lease Date
1701 Crosspoint Avenue Southwest Far 72,505 BASF1 Jun-14
Carson Commerce Center East-Southeast Far 67,742 Elliott Electric Co. Apr-14
11629 N Houston Rosslyn Rd Hwy 290/Tomball Pky 47,500 Gas Process Equipment Co. Apr-14
8615 North Loop E Northeast Hwy 90 36,352 RL Building Supply, LLC May-14
Sam Houston Pkwy Dist Ctr Northwest Inner Loop 33,730 Graniti Vicentia, LLC May-14
Udelson Industrial Park North Outer Loop 30,000 Max Torque, LLC May-14
East Belt Business Park 4 East-Southeast Far 25,267 Jotun Paints Apr-14
Candlebridge Park North Hardy Toll Road Ind 20,400 Delta Subsea Apr-14
Clay-Campbell Business Park Northwest Inner Loop 19,950 Prairie Supply1
Jun-14
Greenspoint Business Center North Hardy Toll Road Ind 17,775 Tellworks Communications Jun-14
Northwoods Industrial Park West Outer Loop 13,125 Gulf Coast Conversions1
Apr-14
Q2 2014 SELECT INDUSTRIAL LEASES
3. RESEARCH & FORECAST REPORT | Q2 2014 | HOUSTON INDUSTRIAL MARKET
COLLIERS INTERNATIONAL | P.3
Houston Industrial Market Summary
Sales Activity
Q2 2014
Total Sales : $570M
No. of Properties: 81
Total SF: 4.3M
Average $/SF: $45
Average Cap Rate: 8.6% Falcon Southwest sold a 377,752-SF
12-building industrial warehouse
portfolio to Hartman Mitchelldale
Business Park, LLC for $19.2M or $51
per SF. The portfolio is 87.2% leased
to various tenants. The buildings in
the industrial park were built in 1979
and remodeled in 2004.
C&W Investments sold a 151,260-SF
Class B industrial warehouse to STAG
Industrial Management, LLC for $8.9M
or $59 per SF. The building is 100%
leased to Smart Warehousing through
April 2021. The reported cap rate was
8.6%.
Sources: Real Capital Analytics; CoStar Comps
5400 Mitchelldale St 12614 Hempstead Rd
Market Rentable Area
Direct
Vacant SF
Direct
Vacancy
Rate
Sublet
Vacant SF
Sublet
Vacancy
Rate
Total Vacant
SF
Total
Vacancy
Rate
2Q14 Net
Absorption
1Q14 Net
Absorption
2Q14
Completions
1Q14
Completions
SF Under
Construction
Greater Houston Total 491,720,505 26,181,150 5.3% 637,355 0.1% 26,818,505 5.5% 1,583,925 1,755,866 2,645,694 2,951,422 3,930,859
CBD-NW Inner Loop 11,500,406 559,996 4.9% 31,860 0.3% 591,856 5.1% 62,709 15,767 - - -
Downtown 31,814,637 1,751,102 5.5% - 0.0% 1,751,102 5.5% (1,720) 101,850 - - -
North Inner Loop 5,076,141 534,906 10.5% - 0.0% 534,906 10.5% - (21,525) - - -
Southwest Inner Loop 7,198,717 61,171 0.8% - 0.0% 61,171 0.8% (15,601) - - - -
CBD Corridor Total 55,589,901 2,907,175 5.2% 31,860 0.1% 2,939,035 5.3% 45,388 96,092 - - -
North Fwy/Tomball Pky 17,347,742 1,489,803 8.6% 5,346 0.0% 1,495,149 8.6% 225,898 (66,181) 873,068 250,255 926,180
North Hardy Toll Rd 29,108,673 2,747,187 9.4% 59,122 0.2% 2,806,309 9.6% 441,818 495,206 449,474 797,506 423,440
North Outer Loop 18,791,750 1,386,001 7.4% 1,950 0.0% 1,387,951 7.4% 89,657 178,203 381,250 174,434 120,000
The Woodlands/Conroe 14,413,958 693,531 4.8% - 0.0% 693,531 4.8% 63,698 17,420 18,800 166,900 -
North Corridor Total 79,662,123 6,316,522 7.9% 66,418 0.1% 6,382,940 8.0% 821,071 624,648 1,722,592 1,389,095 1,469,620
Northeast Hwy 321 1,201,673 - 0.0% - 0.0% - 0.0% 0 600 - - -
Northeast Hwy 90 15,937,684 448,855 2.8% 136,200 0.9% 585,055 3.7% (54,458) (129,095) - 41,356 -
Northeast I-10 3,672,845 30,652 0.8% - 0.0% 30,652 0.8% 109,628 12,801 - - -
Northeast Inner Loop 11,591,910 430,372 3.7% - 0.0% 430,372 3.7% (7,842) 11,069 - - -
Northeast Corridor Total 32,404,112 909,879 2.8% 136,200 0.4% 1,046,079 3.2% 47,328 (104,625) - 41,356 -
Hwy 290/Tomball Pky 16,056,280 704,622 4.4% 20,541 0.1% 725,163 4.5% 154,657 72,540 - 105,358 1,578,981
Northwest Hwy 6 4,158,737 141,314 3.4% 24,000 0.6% 165,314 4.0% (24,086) (25,392) - - 357,887
Northwest Inner Loop 58,686,032 2,301,129 3.9% 74,554 0.1% 2,375,683 4.0% 22,402 (34,334) - 177,448 -
Northwest Near 17,187,843 462,963 2.7% 49,824 0.3% 512,787 3.0% 26,623 597,368 - 255,962 .
Northwest Outlier 17,160,063 1,054,831 6.1% - 0.0% 1,054,831 6.1% 106,728 80,354 79,743 63,382 64,313
West Outer Loop 23,683,929 707,903 3.0% 23,600 0.1% 731,503 3.1% (2,238) 83,495 189,125 332,581 86,250
Northwest Corridor Total 136,932,884 5,372,762 3.9% 192,519 0.1% 5,565,281 4.1% 284,086 774,031 268,868 934,731 2,087,431
East I-10 Outer Loop 13,047,099 264,136 2.0% - 0.0% 264,136 2.0% (1,000) (28,000) - - -
East-Southeast Far 47,305,783 4,918,042 10.4% 7,078 0.0% 4,925,120 10.4% (41,123) (76,120) 91,140 385,462 .
Southeast Outer Loop 18,374,310 496,361 2.7% 117,573 0.6% 613,934 3.3% (53,665) 33,741 - - -
Southeast Corridor Total 78,727,192 5,678,539 7.2% 124,651 0.2% 5,803,190 7.4% (95,788) (70,379) 91,140 385,462 -
South Highway 35 31,853,434 1,071,713 3.4% 23,600 0.1% 1,095,313 3.4% 201,820 384,427 327,294 143,390 283,808
South Inner Loop 12,771,468 762,132 6.0% - 0.0% 762,132 6.0% 20,149 51,596 - - -
Southern Corridor Total 44,624,902 1,833,845 4.1% 23,600 0.1% 1,857,445 4.2% 221,969 436,023 327,294 143,390 283,808
Highway 59/Highway 90 22,209,481 1,037,827 4.7% 44,500 0.2% 1,082,327 4.9% 66,434 23,694 208,800 30,000 90,000
Southwest Far 10,080,924 536,531 5.3% - 0.0% 536,531 5.3% 89,030 (45,617) - - -
Southwest Outer Loop 12,708,006 624,798 4.9% - 0.0% 624,798 4.9% 120,564 (72,481) - - -
Sugar Land/Ft Bend Co 18,780,980 963,272 5.1% 17,607 0.1% 980,879 5.2% (16,157) 94,480 27,000 27,388 -
Total Southwest Corridor 63,779,391 3,162,428 5.0% 62,107 0.1% 3,224,535 5.1% 259,871 76 235,800 57,388 90,000
HOUSTON INDUSTRIAL MARKET STATISTICAL SUMMARY
Q2 2014
4. RESEARCH & FORECAST REPORT | Q2 2014 | HOUSTON INDUSTRIAL MARKET
COLLIERS INTERNATIONAL | P.4
Q2 2014 Industrial Under Construction – 60,000 SF or greater
Q2 2014 Industrial Deliveries – 60,000 SF or greater
SUBMARKET BUILDING ADDRESS RBA
%
LEASED DEVELOPER
ESTIMATED
DELIVERY
DATE
Hwy 290/Tomball Pky Ind 11810 N Gessner Rd 441,000 0.0% Panattoni Oct-14
Hwy 290/Tomball Pky Ind 8303 Fallbrook Dr 400,250 0.0% Liberty Property Trust Jul-14
Hwy 290/Tomball Pky Ind Gessner Road & Beltway 8 362,180 0.0% DCT Industrial Trust Nov-14
Northwest Hwy 6 Ind 20710 Hempstead Rd 357,887 0.0% Duke Realty Corporation Sep-14
North Fwy/Tomball Pky Ind 4800 W Greens Rd 350,820 0.0% Davis Commercial Development Oct-14
North Fwy/Tomball Pky Ind 660 Greens Pky 350,000 100.0% Holder Construction Mar-15
North Fwy/Tomball Pky Ind 300 Airtex Dr 225,360 0.0% Pontikes Development Dec-14
South Hwy 35 Ind 9254 Park South Vw 193,741 0.0% Transwestern Aug-14
Hwy 290/Tomball Pky Ind 11720 N Gessner Rd 155,400 0.0% Panattoni Dec-14
North Hardy Toll Road Ind 400 Century Plaza Dr 149,760 0.0% Avera Companies Aug-14
North Hardy Toll Road Ind 2020 Greens Rd 147,112 0.0% IDV Investment & Development VenutresDec-14
North Hardy Toll Road Ind 14820 North Fwy 126,568 0.0% DCT Industrial Trust Nov-14
North Outer Loop Ind JKF/Kennedy Greens Blvd 120,000 100.0% Clay Development Construction Aug-14
Hwy 290/Tomball Pky Ind 8780 West Rd 100,275 100.0% EastGroup Properties Sep-14
South Hwy 35 Ind 9258 Park South Vw 90,067 100.0% Transwestern Jul-14
Hwy 59/Hwy 90 (Alt) Ind 10401 S Sam Houston Pky W 90,000 0.0% ICO Commercial Sep-14
West Outer Loop Ind 5737 Brittmoore Rd 86,250 0.0% Taten Real Estate Parters Dec-14
Northwest Outliers Ind 22240 Merchants Way 64,313 0.0% EastGroup Properties Jul-14
Hwy 290/Tomball Pky Ind 8790 West Rd 63,000 0.0% EastGroup Properties Sep-14
SUBMARKET BUILDING ADDRESS RBA
%
LEASED DEVELOPER DELIVERED
North Fwy/Tomball Pky 10565 Greens Crossing Blvd 600,750 82.9% Hines Jun-14
North Hardy Toll Road 8039 Humble Westfield Rd 250,200 0.0% K2 Logistics Jun-14
North Outer Loop 121 Esplanade 224,550 0.0% IDI Jun-14
South Hwy 35 11951 Spectrum Blvd 150,000 100.0% Unknown Jun-14
South Hwy 35 7232 Airport Blvd 137,297 100.0% Unknown Dec-13
Hwy 59/Hwy 90(Alt) 13615 S Gessner Rd 123,300 0.0% Stream Realty Partners Apr-14
West Outer Loop 5737 Brittmoore Rd 122,500 100.0% Taten Real Estate Partners Jun-14
North Fwy/Tomball Pky 433 Plaza Verde Dr 120,159 0.0% Hines May-14
North Fwy/Tomball Pky 545 Plaza Verde Dr 120,159 0.0% Hines May-14
North Outer Loop 71 Esplanade 106,700 0.0% IDI Jun-14
North Hardy Toll Road 15892 Diplomatic Plaza Dr 94,074 0.0% EastGroup Properties Jun-14
Hwy 59/Hwy 90(Alt) 13721 S Gessner Rd 85,500 44.5% Stream Realty Partners Apr-14
Northwest Outliers 22110 Merchants Way 67,743 54.1% InSite Realty Partners Apr-14
5. RESEARCH & FORECAST REPORT | Q2 2014 | HOUSTON INDUSTRIAL MARKET
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lisa.bridges@colliers.com
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*Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed.
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