Houston has the distinction of being both one of the largest cities in the U.S. and one of the most rapidly growing, making it a significant market for industrial property.
With a population of about 2.2 million, Houston is the nation’s fourth most populous city. Houston’s vibrant economy is built in part on its status as the world’s capital for energy. Beyond oil and natural gas production, the region is home to companies in energy services, equipment and financing. With 24 Fortune 500 companies headquartered in the city, Houston has the third-largest concentration of big businesses. Houston’s rapid population growth and density support high levels of retail sales and real estate values. The city’s expanding light rail system carries about 60,000 passengers per day. These characteristics spur the need for logistics, industrial real estate and warehouse property in and around Houston.
Houston is a major center of logistics activity, driven by the robust infrastructure of George H.W. Bush International Airport and the busy Port of Houston. In the first half of 2016, the port handled more than one million TEUs of cargo. Houston is also an important node in rail and trucking logistics.
Prologis has several warehouse and industrial real estate properties in the Houston market, many of which are situated on highways, such as Interstate 610 and the Sam Houston Tollway, which ring the city.