Northwest Houston, specifically Spring and Cypress is benefiting from a large demand for warehouses amid Houston’s growing reputation as a distribution center for consumer goods. Fueled by population growth and the trending preference for online shopping has lead to 6.7 million square feet of commercial distribution space being leased in Houston over the last two years. The 60% increase from the previous two-year period is helping Houston rebound from the energy slump of recent years.
In fact, 25 out of 27 industrial facilities completed in 2016’s fourth quarter in Houston were warehouse and distribution spaces.
Amazon is set to build a new 855,000-square-foot fulfillment center in Spring, Texas, and FedEx has begun building an 800,000-square-foot distribution center in Cypress.
Convenient Location and Improved Transportation Lead the Way
Proximity to major freeways such as I-45, Beltway 8, and the Grand Parkway and the airport seem to be key drivers in the desirability of Northwest Houston. While Fed Ex said in a company statement, “The site was chosen because of its ease of access to major highways, proximity to customers’ distribution centers and a strong local community workforce for recruiting employees.” The new Cypress FedEx facility will boost package capacity and continue to improve speed and service.
Remember to keep PCG in mind for any of your commercial property tax needs: (281) 880-6500
Source: Houston Chronicle