Houston's industrial market benefits from above average job growth and an increasing demand from businesses in a strong energy sector. As retailers and other corporations divert some imports to the U.S. from west coast ports to all-water routes, the Port of Houston has seen an increase in market share, which will in turn continue to strengthen the local market.
As a result of the projected long-term growth of the local market, First Industrial is committed to growing the company's portfolio in Houston-by developing speculative and build-to-suit projects and acquiring other properties to increase our holdings in the region.
The local team includes personnel with significant expertise in investment and development. With a local portfolio of nearly 4 million s.f. of industrial space, First Industrial's Houston office also has a committed property management and leasing team.