Houston May Evolve into More of a Big-Box Market

Mason Ranch Industrial Park is located in the Northwest industrial submarket.

HOUSTON—Houston’s population has grown 12.4% in the last five years and 27.2% in the last decade. This equates to nearly 6.7 million people in the 10-county area. This influx of new residents to the region brings with it an inherent need for more distribution space and a supply chain that can effectively serve the population, according to JLL’s industrial services brokerage group.

“As the Houston population has grown, retail, and food and beverage would naturally follow,” Richard Quarles, senior vice president of JLL’s industrial services brokerage group, tells GlobeSt.com. “In the Northwest submarket, consumer durables, and food and beverage are following the population growth and expansion of residential areas.”