Hwy 290/Tomball Pky
Houston - TX USA - Industrial Submarket
Industrial real estate intelligence for the Hwy 290/Tomball Pky submarket. 37.1M SF of inventory with 8.5% vacancy. Data sourced from various MLS platforms.
37.1MSF
Inventory
4.3MSF
Available
8.5%
Vacancy
10.9%
Availability Rate
$9.14
Asking Rent
-0.4%
Rent Growth
-195,452SF
12mo Absorption
2.6MSF
Under Construction
Market Metrics
12mo Delivered
1.3M SF
Under Constr % of Inv
7.0%%
Sale Price/SF
$117
Cap Rate
7.6%%
12mo Sales Volume
$108,803,855
Sales Vol Growth
-46.4%
Asset Value
$4,649,523,009
Net Absorption
-195,452 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Houston One | - | 118,248 | Safanad |
| 4202 Fidelity St | - | 425,720 | Industrial Realty Group, LLC |
| 15555 Cutten Rd (Part of a 3 Property Portfolio) | - | 263,811 | Buyer 1 Manulife Financial Corporation | Buyer 2 Serverfarm |
| CTX1 | - | 263,640 | Buyer 1 Manulife Financial Corporation | Buyer 2 Serverfarm |
| HTX1 | - | 350,000 | Buyer 1 Manulife Financial Corporation | Buyer 2 Serverfarm |
Data Centre Development Potential
High vacancy (8.5%) in Hwy 290/Tomball Pky may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 2.6M SF indicates developer confidence in the submarket. Negative absorption of 195K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Houston - TX USA
Evaluating Hwy 290/Tomball Pky for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.