Quarterly Snapshot 4Q24 | Industrial | The Houston Industrial Market Thrives with Rising Demand
In 4Q24, the Houston Industrial market saw a shift as demand grew and supply became increasingly constrained. The vacancy rate decreased by 60 basis points, ending the year at 6.2%, while the availability rate dropped by 40 basis points to 7.4%. An influx of international businesses into the region has further fueled this growth, with Houstona™s favorable location and economic opportunities drawing attention. The rise in tariffs on foreign goods has also encouraged companies to seek local solutions. In the fourth quarter alone, net absorption totaled 4.8 million SF, bringing the annual total to 21 million SF, reflecting a strong and active market.