BY RAY HANKAMER
Takeaway: The land market in the Houston Metro area is on a “sugar high”, and it is a good time to be a seller while the market is booming. Interest rates will probably rise ongoing. Inventories of usable land are shrinking and prices are rising.
• Lots of activity on the west side of town as distributors seek warehouses to support the ‘last mile’ of delivery to consumers.
• Lots of ongoing activity on southeast side to support increased activity at the Port of Houston, where rail-served sites are in demand and selling at a price premium.
• There is no industrial ‘spec’ development at the moment (without pre-leasing).
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