(To read more on the industrial market, click here.)
HOUSTON-Recent demand for industrial space has led to lowvacancy rates and stepped-up construction from one end of the cityto the other. And with the interest from investors and tenants,local experts caution about possible overbuilding, particularly inthe far northwest.
In its latest report, Grubb & Ellis Co.'s local researchteam says the far northwest's vacancy is 5.3%. The metro's averagevacancy is 5.8% or 22.3 million sf, the lowest it's been in sevenyears in the 381.7-million-sf inventory. In the far northwesterntier, its 72.3-million-sf base has 3.8 million sf sittingempty.
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