Vacancy rate of big-box industrial real estate in Houston, Texas 2013-2023
The vacancy rate of big-box buildings in Houston, Texas fell substantially between 2020 and 2022, followed by an increase in 2023. In the first half of 2023, approximately 13 percent of big-box space was vacant, down from approximately 17.6 percent in 2020. Big-box buildings refer to large industrial buildings used for distribution. Overall, the vacancy rate in Houston was higher than the average vacancy rate in North America.