• Consumer goods companies led demand in 2019, driving absorption over 10.6 million SF, 1.2% below historical high set in 2016.
  • Total 2019 annual construction deliveries reached a record high of 14.41 million SF, a 3.47 million SF increase from 2018.
  • Houston trade, by metric tons, increased 9.7% from October 2018 to October 2019 and continues to rank first in tonnage in the country.
  • Overall the market is stable with vacancy at 5.9% and preleased space at 22% of new construction, which is consistent with previous quarters.