Houston industrial market vacancy rate up in December

​​​​HOUSTON – The overall market vacancy rate hit​ 6.7 percent, up from 5.4 percent ​this time last year, according to NAI Partners.

This is due partially to the 9.3 million sf of vacant space delivered to the market in 2019.

Of the 21.1 million sf currently under construction, about 68 percent ​is available for lease. 

The vacancy rate for Class A properties is 12.1 percent, up from 7.5 percent this time last year. 

Year to date, the overall net absorption is 8.2 million sf, just under the 8.6 million sf registered through December 2018.

Get more Houston-area office news on the Real Estate Center's website:

• ​​​​​Texas Quarterly Commercial Report
• Houston-The Woodlands-Sugar Land office news​

​Source: NAI Partners​