Thank you for sharing!

Your article was successfully shared with the contacts you provided.
7875 Northcourt Road One industrial property, 7875 Northcourt Rd., demonstrates strong industrial fundamentals in place.

HOUSTON—A slow period for industrial move-ins leaves the market slightly in the red, a rare quarter of negative net absorption (only the second time in eight years). It is not unusual for the market to experience wide swings in absorption quarter-to-quarter, occurring in each of the last five quarters.

With the first quarter of 2018 totaling a substantial 2.9 million square feet absorbed, this one-quarter negative blip is not a point of concern because fundamentals remain healthy, says a mid-year report by JLL. At this point in the year, vacancy stands at 4.9%, there is 2.5 million square feet of positive net absorption and 11.8 million square feet of occupiers in the market for space. The strength of the market and availability of capital is driving increased construction particularly of warehouse/distribution product.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.