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Construction slowdown could help Houston industrial rent growth resume historical norms in 2025

Demand remains steady but recent supply wave largely to blame for slowdown in performance

Jackson Shaw's Building 1 in the Greensport Logistics Park is one of the reduced number of new industrial buildings underway across the Houston region. Current levels of industrial construction in Houston have dropped to its lowest pace since 2018, which is expected to support the return of stronger rent growth in the region. (CoStar)<br>
Jackson Shaw's Building 1 in the Greensport Logistics Park is one of the reduced number of new industrial buildings underway across the Houston region. Current levels of industrial construction in Houston have dropped to its lowest pace since 2018, which is expected to support the return of stronger rent growth in the region. (CoStar)

By Itziar Aguirre
CoStar Analytics

November 18, 2024 | 8:52 P.M.

Similar to other major metropolitan areas across the country, industrial rent growth in Houston has slowed to a crawl over the past several quarters, reaching just 1.9% year over year as of the end of the third quarter.

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