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HOUSTON-Though the entire metro area is considered “boom town” when it comes to Texas commercial real estate development, the southeast submarket – most notably, the Port of Houston area – has been somewhat lagging behind. According to a recent report issued by Jones Lang LaSalle, the distribution and manufacturing centers in the port area have a vacancy of 60.3%, with no plans for future deliveries.

Part of the reason for the rather dismal vacancy is due to overbuilding before the Great Recession. Industrial space in this particular submarket is slow to be absorbed.  The JLL report notes the following:

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