Demand from consumer goods companies fueled much of 2017’s robust industrial activity in Houston, but several other factors helped drive the market’s strong performance.
“I think 2017 can really boil down to three basic demand drivers: The rise of e-commerce in Houston, petrochemical expansion and Hurricane Harvey,” said Justin Bennett, senior vice president of Denver-based DCT Industrial’s Houston office.
Some of the year’s noteworthy e-commerce leases include Amazon’s 1 million-square-foot build-to-suit distribution center in Katy and Best Buy’s prelease of 550,000 square feet in Fort Bend County to beef up its e-commerce offerings. Several other national brands, including The Woodlands-based Conn’s Inc. (Nasdaq: CONN), are widely known to be looking for distribution space in Houston.
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