Business owners interested in physically expanding or otherwise growing their company often turn to shopping for real estate. A new building means more space for inventory or offices. It can even be an investment to attract new clients. Thanks to a booming industrial market in Houston, commercial real estate in the city is becoming a commodity.
According to Commercial Gateway, which a division of the Houston Association of Realtors, the city’s industrial sector grew last year. That growth is expected to continue, according to the report. There is a
7.1 percent vacancy in the local industrial market, which is higher than the 6.7 percent rate from last year. Commercial Gateway also reported that manufacturing space has the lowest vacancy at 5.2 percent.