Industrial Space Under Construction Nearly Doubles

Victory Commerce Center will allow connectivity to all areas of the petrochemical and Port complex.

HOUSTON—Sound fundamentals, population growth, e-commerce logistics requirements, and innovations in building design and utilization continue to drive the rapid evolution of the industrial property sector across North America, according to a recent report by Avison Young. Major online players are altering the supply chain, and new technologies and innovations are determining how, where and what type of industrial product is being built. Meanwhile, the needs of big data are adding to an already crowded playing field.

An undersupply of available space remains a central issue in most markets, and developers have responded with notable new construction to anticipate occupiers’ growing needs. That is certainly the case in Houston where the industrial market remains the strongest commercial real estate sector. Here, industrial properties cater to the logistics requirements of e-commerce and last-mile distribution hubs. The Port of Houston continues to experience robust activity with petrochemical companies leading the charge.