Light industrial Houston

[Tanay Patel]

Hello all,

I am planning to purchase a piece of land around 2.5 acres in Cypress, TX. Our commercial broker suggested to build light industrial complex on it.

What are everyones thoughts about light industrial in current market ?

Thank you.

[Michael Le]

I'm not in that space but from what I've read industrial can't be built quick enough right now. There's activity all over town. Hines is building 150-acre, 1.5M sq ft project out in Katy for Amazon and Igloo. Another 1M sq ft is getting built near Barbours Cut Terminal on the east side. I think demand specifically for light industrial is high too. Latest market breakdown I saw showed industrial as the best performing asset class right now during Covid.