This Houston submarket’s vacancy rate is a ‘completely new phenomenon’ (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Cara Smith

With all eyes on Houston’s struggling office market, it can seem like the city’s commercial real estate market has gone bust. But outside of Houston’s urban core, industrial and Port-anchored developments are booming.

Houston’s southeast submarket vacancy rate is at roughly 3.4 percent, which is well below the national average of 6.4 percent, said Matteson Hamilton, Houston industrial managing director of Dallas-based Stream Realty Partners LP, citing data from Houston-based CoStar Group’s year-end report.

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