Houston’s industrial real estate markets are demonstrating strong gains as significant job growth and Houston’s emergence as a global shipping and logistics center is driving the sector to impressive levels, according to Deal Sikes, a leading Houston-based real estate valuation and counseling firm.
“Houston has added more than 100,000 new jobs over the last 12 months, which has injected momentum into all sectors of the real estate market. The demand and activity in the industrial sector has been exceptionally strong and that has been reflected in the valuation of distribution buildings and other industrial properties in the Houston area,” said Mark Sikes, principal with Deal Sikes.
Port Houston ranks number one in the nation in foreign tonnage and has surged to be ranked fifth in container shipping, according to the Port and JOC Piers data. In the first half of the year, Trans-Pacific imports at Port Houston jumped 24 percent, as improvements at the Port facilitated more imports through the expanded Panama Canal. Port Houston, located near Houston’s massive petrochemical complex, is the nation’s dominant exporter of polyethylene resins used for manufacturing plastic products.
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