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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.

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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.

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