Mid-Year Texas Industrial Markets 2023

The saying, “Everything is bigger in Texas,” is certainly true when it comes to industrial construction activity. Demand for industrial space has simply been overtaken by the sheer amount of new supply. All told, more than 69 million square feet of new product has come online in the first half of 2023; meanwhile, demand continues…

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Mid-Year Review Texas Office Markets 2023

Like other areas across the county, the Texas office markets are struggling to find firm footing. Across the state, demand for office product is slowing, vacancy rates are rising, and landlords are more generous with incentive packages in the form of free rent and tenant improvement dollars. Furthermore, the amount of available sublease space –…

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Texas Industrial Markets – 2022 Year in Review, What to Expect in 2023

With a multi-year growth cycle in the rear-view mirror, demand for industrial space began to normalize nationally. However, because of the demand from some of the nation’s fastest- growing cities, 2022 marked another record year for Texas. In fact, net absorption exceeded 100 million square feet for the first time and 2022 marked the fourth…

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