Parc Air 59 Two tenants have already signed leases prior to Parc Air 59 reaching substantial completion.

HUMBLE, TX—Parc Air 59, a 320,000-square-foot urban industrial development, is the first industrial component within Houston-based Archway Properties’ 111-acre mixed-use business park which includes retail, medical office and other uses. Developer Jackson-Shaw says 50% of the three-building industrial development has been leased prior to completion.

This is no surprise considering that the vacancy rate for industrial space in the Houston metro has remained below 6% for 30 consecutive quarters or since fourth quarter 2011, according to a report by NAI Partners. Although, the record-breaking levels of new construction have been pushing the vacancy rate up slightly, ending first quarter 2019 at 5.9%, up 30 basis points quarter-over-quarter and an increase of 80 basis points year-over-year, says NAI’s report.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of 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 Fall 2023Event

This conference brings together the industry's most influential & 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 now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.