CBRE: Port of Houston climbs to 5th ranked port market in North America

HOUSTON – Despite a serious commodity slowdown in Houston, the Port of Houston’s climb to the fifth-ranked port market in North America demonstrates that rumors of a demise in Houston’s commercial real estate market are largely exaggerated, according to CBRE Group, Inc.’s second-annual North American Seaports and Logistics Index.

The port saw nearly 10 percent growth in 2015, driven by strong petrochemical export business, some residual effect of west-east cargo shift, and the strength of Houston’s industrial market.

Read more at Real Estate Center.