More than 5 million square feet of new space becoming available in each of the past three years and another 3 million square feet of new space has opened in the first half of 2018, says Cushman & Wakefield.

"Currently, new uses of asbestos are banned as part of a greater effort to phase out asbestos. This new rule would change that."

Houston industrial remains strong, both from the perspective of tenants and institutional investors, driven by job and population growth, as well as a stabilizing oil and gas sector and related industries.

Aspens Senior Living sold the property, The Aspens at Wade Park, to a joint venture between The Carlyle Group and Greystone Real Estate Advisors.