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    under construction

    Houston builds impressive rank for construction of industrial space, says new report

    John Egan
    Jul 13, 2022 | 4:01 pm
    Commercial building construction
    Houston is the No. 2 market in the Southwest for under-construction warehouse and distribution centers.
    Getty Images

    Industrial space equivalent to more than 145 Costco stores is being built in the Houston are, making it the No. 2 market in the Southwest for under-construction warehouse and distribution centers.

    Data published by Community Property Executive shows Greater Houston had some 21.2 million square feet of industrial space under construction. The figure equates to 3.9 percent of the total stock, which increased to 547.8 million square feet, per the report. Put another way, all that space equates to more than 145 Costco centers.

    Specifically, in the first half of 2022, nearly 4.9 million square feet of industrial space came online. While the survey notes that it's hard to predict end-of-year completion, volumes of the previous years have been similar and may end up leading this year’s volume: in 2021, 19.6 million square feet of industrial space, or 3.8 percent of total stock, was delivered, while in 2020, 19.7 million square feet, or 3.9 percent of total stock, was added.

    The report calls out two notable industrial developments in the region. The 507,000-square-foot warehouse for Article, a Canada-based online furniture company, and TGS Cedar Port Industrial Park in Baytown. At more than 15,000 acres, Cedar Port is the largest master-planned, rail-and-barge-served industrial park in the U.S.

    Elsewhere in Texas, Dallas-Fort Worth tops the list — and the nation — with nearly 60.6 million square feet of industrial space under construction in late June. That represents a little over 7 percent of the existing industrial space (more than 840 million square feet) in the region. By the numbers, that corresponds to 324 average Walmart supercenters.

    Other notables include Austin (8.3 million), El Paso (more than 5.7 million), and San Antonio (almost 4 million).

    “Although the COVID-19 pandemic brought on new challenges for the industrial market, with port congestion, materials shortages, and commodity pricing skyrocketing, the market has and will continue to excel,” commercial real estate services company Cushman & Wakefield says in a recent report.

    rankingsshopping
    news/real-estate

    Homebuying strategy

    The best time of year for deals on Houston homes is coming soon

    John Egan
    Aug 27, 2026 | 10:30 am
    Home for sale sold sign
    iStock
    Back-to-school season turns out to be prime homebuying season.

    Back-to-school season turns out to be prime homebuying season in Dallas-Fort Worth and the state’s three other major metros.

    A new report from real estate brokerage Redfin finds mid-September reigns as the best time for homebuyers to score a deal in Dallas, Fort Worth, and San Antonio.

    The report pegs late August as Austin’s best period for nailing down a home deal, while late September is Houston’s sweet spot.

    “Each homebuyer has their own timeline based on personal circumstances. But seasonality trends suggest buyers in these places looking to score a bargain may want to hit the pavement as summer comes to a close and the leaves start falling,” Asad Khan, a senior economist at Redfin, says in a release.

    “Sellers who put their home in the market in the spring or early summer and haven’t offloaded it yet may be open to dropping their price or offering concessions,” Khan adds.

    Redfin cautions that the best time to buy is more complicated than when a homebuyer is most likely to land a deal. Redfin economists recommend balancing choice and competition when shopping for a home.

    “More inventory to choose from improves the chance of finding the home that’s right for them, and more competition creates more urgency and requires stronger offers to win a home, decreasing the likelihood that buyers will get a deal,” says Redfin.

    Redfin emphasizes that most places in Texas are now buyer’s markets, equipping buyers with negotiating power. In fact, the majority of Texas markets have roughly twice as many buyers as sellers, according to Redfin.

    The Redfin analysis, based on data from Home Economics, looked at three metrics for determining the best times for homebuyers to make a deal:

    • The week when the number of new listings is the greatest compared with the annual average.
    • The week when the number of active listings on the market for 60 days or less is the greatest compared with the annual average.
    • The time when the average home price drops the most heading into late fall or winter.
    news/real-estate

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