Annual taking rent per sf of big-box real estate in Houston, Texas 2013-2023
The annual taking rent of industrial big box buildings in Houston, Texas, increased notably in the first half of 2023, after stagnating for two years in a row. In the first half of the year, a square foot of big box space cost 5.92 U.S. dollars, up from 5.25 U.S. dollars the year before. Big-box buildings refers to large industrial buildings used for distribution. Despite the increase in rental rates, big box rents in Houston were lower than the average in North America.