HOUSTON--As of the first quarter of this year, industrial construction in Houston topped 8.88 million square feet and second quarter construction may set a new record, says new analysis from CBRE.
CBRE recently ranked the city tenth overall on its inaugural "North America Ports & Logistics Annual Report,” based on port infrastructure and the strength of the local industrial market.
“The region's main economic engines, including energy, job and population growth, and petrochemicals should support the Port of Houston Authority's record freight volumes for the foreseeable future,” Billy Gold, CBRE senior vice president, told GlobeSt.com.
The northwest submarket continues to lead with the largest projects, including the future Daikan headquarters in Waller and the largest industrial spec project under construction now, Trammell Crow Co.'s Fallbrook Pines Business Park.
Houston, an entry point for national and global logistics, is also finding the petrochemical industry and the effect of e-commerce distribution are helping drive the current wave of industrial construction in the area.
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