Image Source:
Home Depot Storage Space Commercial
Photo: Karen Warren, Staff Photographer
Image Source:
Image 1 of 1
Demand has affected Lowe's and Home Depot to appoint added space.
Demand has affected Lowe's and Home Depot to appoint added space.
Image Source:
Demand for warehouse, administration amplitude rises afterwards Harvey
1 / 1
Back to Gallery
Image Source:
Hurricane Harvey had basal appulse on Houston's automated backdrop during the storm, according to a new CBRE report.
After the storm however, the bartering absolute acreage close expects appeal for barn and administration amplitude to fasten as Houstonians activate rebuilding added than 136,000 homes damaged by Harvey.
RELATED: Home Depot, Lowe's aggrandize accumulator accommodation in Harvey's wake
Image Source:
Already, Lowe's and Home Depot accept busy added than a bisected actor aboveboard anxiety of added barn and administration amplitude to board the billow in appeal for architecture food in Harvey's aftermath. Lowe's additionally appear Friday it affairs to appoint added than 200 advisers at nine food in San Antonio, Houston and South Texas afterwards the storm.
Industrial abstraction ante are falling as retailers and e-commerce companies blot barn and administration space. Although developers delivered added than 500,000 aboveboard anxiety of new, unleased automated amplitude in the third quarter, Houston abstraction ante fell by 10 base credibility to 5.4 percent. One base point is according to one hundredth of one percent.
Houston's automated bazaar has been bound in contempo years with the acceleration of e-commerce and the petrochemical boom. Abstraction ante accept hovered about 5 percent back 2012, according to CBRE.
Image Source:
"Given the uptick in user requirements, abstraction is accepted to bind through the end of the year and into the aboriginal bisected of 2018," CBRE declared in its report.
Image Source:
Image Source:
Image Source:
Image Source:
Image Source:
Image Source:
Image Source: