{"id":12629,"date":"2026-10-21T16:34:36","date_gmt":"2026-10-21T16:34:36","guid":{"rendered":"https:\/\/www.lee-associates.com\/houston\/?p=12629"},"modified":"2026-10-21T16:34:40","modified_gmt":"2026-10-21T16:34:40","slug":"port-houston-market-report-q3-2026","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/houston\/2026\/10\/21\/port-houston-market-report-q3-2026\/","title":{"rendered":"Port Houston | Market Report Q3 2026"},"content":{"rendered":"<div id=\"pl-12629\"  class=\"panel-layout\" ><div id=\"pg-12629-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>OVERVIEW<\/h1>\n<p>&nbsp;<\/p>\n<p><strong>PORT HOUSTON: DRIVING INDUSTRIAL AND LOGISTICS DEMAND<\/strong><br \/>\nPort Houston continues to serve as a critical gateway for international trade and one of Southeast Houston's most important long-term industrial demand drivers. Its scale, multimodal connectivity, diverse cargo base, and continued infrastructure investment support logistics, distribution, manufacturing, energy, and import and export activity throughout the region.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>CHANNEL CAPACITY AND TERMINAL EFFICIENCY<\/strong><br \/>\nThe 52-mile Houston Ship Channel remains the foundation of Houston's maritime economy and the nation's largest port complex by waterborne tonnage. Trade activity remained strong through Q3 2026, with Houston Ship Channel exports increasing 21% year over year through July and total tonnage increasing 15%. Crude oil exports were up 40% year to date, while Houston accounted for 31% of U.S. waterborne exports of crude oil and refined products. Port Houston's public terminals also demonstrated continued stability.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>MARKET CONDITIONS<\/strong><br \/>\nPort-driven activity continues to anchor industrial demand within Southeast Houston, the region's most strategically important logistics corridor. As of Q2 2026, the submarket totaled approximately 86.3 million square feet of inventory, with direct vacancy at 11.3% and weighted NNN asking rents averaging $0.73 per square foot. Although vacancy has increased as recently completed speculative projects enter the market, leasing activity and net absorption continue to reflect healthy demand from logistics, manufacturing, and distribution users tied to Port operations. Looking ahead, Southeast\u00a0 Houston remains one of the nation's most strategically positioned industrial submarkets. Continued Port Houston investment, resilient trade activity, and long-term population and economic growth are expected to support industrial demand as newly delivered space is absorbed through the balance of 2026.<\/p>\n<p>&nbsp;<\/p>\n<h4><em>PORT HO<\/em><em>USTON\u2019S GROWTH CONTINUES TO TRANSLATE DIRECTLY INTO INDUSTRIAL DEMAND, POSITIONING SOUTHEAST HOUSTON AS ONE OF THE MOST STRATEGICALLY IMPORTANT LOGISTICS CORRIDORS IN THE U.S.<\/em><\/h4>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3><\/h3>\n<h3><\/h3>\n<h3><\/h3>\n<h3 style=\"text-align: center\"><strong>PORT HOUSTON<\/strong><\/h3>\n<p style=\"text-align: center\"><strong>+ $986.9 BILLION<\/strong><br \/>\nAnnual U.S. economic value<br \/>\n<strong>+ 3.53 MILLION<\/strong><br \/>\nU.S. jobs supported<br \/>\n<strong>+ $537.7 BILLION<\/strong><br \/>\nAnnual Texas economic value<br \/>\n<strong>+ 1.89 MILLION<\/strong><br \/>\nTexas jobs supported<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 style=\"text-align: center\"><strong>HOUSTON SHIP CHANNEL<\/strong><\/h3>\n<p style=\"text-align: center\"><strong>+ 52 MILES<\/strong><br \/>\nHouston Ship Channel<br \/>\n<strong>+ 40%<\/strong><br \/>\nCrude oil exports YTD<br \/>\n<strong>+ 31% U.S.<\/strong><br \/>\nWaterborne crude oil and<br \/>\nrefined-product exports<br \/>\n<strong>+ 15%<\/strong><br \/>\nYTD total tonnage after July 2026<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-1-2\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-1-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><em>\"PORT HOUSTON CONTINUES TO CREATE OPPORTUNITIES THROUGHOUT SOUTHEAST HOUSTON. WE'RE SEEING STEADY CARGO ACTIVITY, CONTINUED INFRASTRUCTURE INVESTMENT, AND STRONG DEMAND FROM COMPANIES THAT WANT TO BE CLOSE TO THE PORT. THAT COMBINATION KEEPS THIS CORRIDOR ACTIVE AND WELL POSITIONED FOR CONTINUED GROWTH\"<\/em><br \/>\nJUSTIN TUNNELL, SIOR<br \/>\nPRINCIPAL<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-2-0-0\" class=\"so-panel widget widget_media_image panel-first-child\" data-index=\"4\" ><img loading=\"lazy\" decoding=\"async\" width=\"2295\" height=\"727\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19.jpg\" class=\"image wp-image-12143  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19.jpg 2295w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19-512x162.jpg 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19-1280x405.jpg 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19-768x243.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19-1536x487.jpg 1536w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/19-2048x649.jpg 2048w\" sizes=\"auto, (max-width: 2295px) 100vw, 2295px\" \/><\/div><div id=\"panel-12629-2-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-3\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-3-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-3-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"6\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1><\/h1>\n<h1>PORT HOUSTON INFRASTRUCTURE<\/h1>\n<h2>PROJECT 11 \u2013 PROJECT 12<br \/>\nHOUSTON SHIP CHANNEL: BUILDING FOR THE NEXT PHASE<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>PROJECT 11 REACHES A MAJOR MILESTONE<\/strong><br \/>\nProject 11, the Houston Ship Channel Expansion, has reached a significant milestone with Port Houston's portions of the project now complete. The expansion represents one of the region's most important infrastructure investments, improving navigation, vessel efficiency, and the long-term capacity of the Houston Ship Channel. The expanded Channel strengthens Port Houston's ability to accommodate larger vessels and provides greater operating flexibility for container, energy, bulk, and other maritime users. These improvements reinforce the infrastructure supporting Houston's role as one of the nation's leading trade, energy, and industrial gateways.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>PROJECT 12 LOOKING AHEAD<\/strong><br \/>\nPlanning for the next generation of Houston Ship Channel improvements is already underway. Project 12 remains in the early evaluation stage, following federal authorization to study additional Channel improvements. Port Houston and the U.S. Army Corps of Engineers have approved a cost-share agreement to begin a navigation feasibility study. The proposed project would focus primarily on additional Channel deepening, with the goal of improving vessel economies of scale and supporting future maritime growth. No study timeline has been established.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-3-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-3-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"7\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<p><strong>TERMINAL INVESTMENT CONTINUES<\/strong><br \/>\nInfrastructure investment is also continuing at Port Houston's public terminals. During Q3 2026, the Port advanced reconstruction of Wharves 5 and 6 at Barbours Cut Terminal to accommodate larger cranes and vessels, while additional Bayport and Barbours Cut expansion projects continued to move forward. Four additional ship-to-shore cranes were also commissioned at Bayport, bringing the terminal's operating fleet to 21 ship-to-shore cranes.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-3-1-1\" class=\"so-panel widget widget_media_image\" data-index=\"8\" ><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"363\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-095419-512x363.png\" class=\"image wp-image-12670  attachment-medium size-medium\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-095419-512x363.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-095419-768x544.png 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-095419.png 847w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/div><div id=\"panel-12629-3-1-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"9\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>WHY THIS MATTERS FOR INDUSTRIAL REAL ESTATE<\/strong><br \/>\nContinued investment in Channel and terminal capacity strengthens the infrastructure supporting Southeast Houston's logistics, distribution, manufacturing, and port-oriented industrial users. As Port Houston prepares for future cargo growth, expanded maritime capacity and terminal efficiency should continue to reinforce long-term industrial demand throughout the Southeast corridor.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-4\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-4-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-4-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"10\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-5\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-5-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-5-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"11\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>PORT HOUSTON TEUs<\/h1>\n<p>&nbsp;<\/p>\n<h4><em>Port Houston continued to demonstrate consistent container activity through August 2026, handling 373,756 TEUs during the month, up 1% year over year. Through the first eight months of 2026, total container volume reached nearly 3.0 million TEUs, also increasing 1% compared with the same period in 2025.<\/em><\/h4>\n<p>&nbsp;<\/p>\n<p>Import activity continues to provide momentum. Loaded container imports increased 5% year to date, supported by machinery and electronics, retail consumer goods, furniture, automotive products, and apparel. East Asia remained an important source of import growth, increasing 12% and accounting for 57% of loaded container imports. Loaded exports declined 1% year to date, resulting in a relatively balanced overall container environment.<\/p>\n<p>Port Houston's international connectivity also continues to expand. In September, the Port welcomed the first vessel in Crowley's new weekly container service connecting Houston with Central America, providing shippers with additional access to key international markets.<\/p>\n<p>Looking ahead, Port Houston's diversified cargo base, expanding trade connections, and continued investment in terminal and Channel infrastructure provide a strong foundation for future container activity. For Southeast Houston's industrial market, consistent cargo volumes continue to support demand from logistics, distribution, manufacturing, and other port-oriented users.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-5-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-5-1-0\" class=\"so-panel widget widget_media_image panel-first-child panel-last-child\" data-index=\"12\" ><img loading=\"lazy\" decoding=\"async\" width=\"1444\" height=\"1309\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100143.png\" class=\"image wp-image-12671  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100143.png 1444w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100143-512x464.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100143-1280x1160.png 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100143-768x696.png 768w\" sizes=\"auto, (max-width: 1444px) 100vw, 1444px\" \/><\/div><\/div><\/div><div id=\"pg-12629-6\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-6-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-6-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"13\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-7\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-7-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-7-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"14\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>OVERALL SUBMARKET STATISTICS<\/h1>\n<p>&nbsp;<\/p>\n<p><strong>WHAT COULD IMPACT PORT-DRIVEN DEMAND<\/strong><br \/>\n+ Global trade policy, tariffs, and geopolitical conditions affecting cargo flows<br \/>\n+ Timing and composition of future Port Houston infrastructure investment<br \/>\n+ Lease-up of recently delivered speculative space and future development activity<br \/>\n+ Changes in global supply chains, shipping routes, and manufacturing investment<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-7-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-7-1-0\" class=\"so-panel widget widget_media_image panel-first-child panel-last-child\" data-index=\"15\" ><img loading=\"lazy\" decoding=\"async\" width=\"916\" height=\"298\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100421.png\" class=\"image wp-image-12673  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100421.png 916w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100421-512x167.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100421-768x250.png 768w\" sizes=\"auto, (max-width: 916px) 100vw, 916px\" \/><\/div><\/div><\/div><div id=\"pg-12629-8\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-8-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-8-0-0\" class=\"so-panel widget widget_media_image panel-first-child panel-last-child\" data-index=\"16\" ><img loading=\"lazy\" decoding=\"async\" width=\"1969\" height=\"496\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447.png\" class=\"image wp-image-12672  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447.png 1969w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447-512x129.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447-1280x322.png 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447-768x193.png 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-100447-1536x387.png 1536w\" sizes=\"auto, (max-width: 1969px) 100vw, 1969px\" \/><\/div><\/div><\/div><div id=\"pg-12629-9\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-9-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-9-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"17\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>SOUTHEAST SUBMARKET<\/strong><\/p>\n<p>Southeast Houston delivered an exceptional quarter during Q3 2026, reinforcing its position as one of the region's most important industrial and logistics corridors. Total distribution inventory reached approximately 87.6 million square feet, while direct vacancy declined sharply to 7.6%, down from 11.3% in Q2 2026. The improvement reflects substantial tenant activity and continued absorption of recently delivered speculative space.<\/p>\n<p>Quarterly leasing activity reached approximately 3.4 million square feet, bringing year-to-date leasing to 6.4 million square feet. Net absorption totaled approximately 3.7 million square feet during Q3 2026, the highest of any Houston industrial distribution submarket, while year-to-date absorption reached approximately 5.8 million square feet. Major transactions, including Tesla's two leases totaling more than 2.0 million square feet, contributed significantly to the quarter's performance.<\/p>\n<p>Development remains active but increasingly measured. Approximately 1.2 million square feet delivered during Q3 2026, with 69.2% preleased, while another 2.7 million square feet remains under construction. The combination of improving vacancy, substantial absorption, and continued development demonstrates the depth of demand within the Port Houston corridor.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>CITYWIDE MARKET<\/strong><\/p>\n<p>Houston's industrial distribution market also strengthened during Q3 2026. Direct vacancy declined to 5.2%, while quarterly net absorption reached approximately 10.0 million square feet. Year-to-date absorption reached 23.1 million square feet. Year-to-date absorption now slightly exceeds the 23.1 million square feet delivered through the first nine months of 2026.<\/p>\n<p>Leasing activity totaled approximately 10.4 million square feet during Q3 2026 and 24.2 million square feet year to date. At the same time, the construction pipeline moderated to approximately 13.5 million square feet, reflecting a more selective development environment as recently completed space continues to lease.<\/p>\n<p>Southeast Houston played an outsized role in these citywide results, accounting for approximately 33% of Q3 2026 leasing activity and 37% of quarterly net absorption. Its performance reinforces the connection between Port Houston, major transportation infrastructure, and Houston's broader industrial demand.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-10\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-10-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-10-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"18\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-11\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-11-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-11-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"19\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>MAJOR U.S. PORT UPDATE<\/h1>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-11-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"20\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Major U.S. container ports posted mixed results during August 2026 as cargo activity varied considerably across the nation's largest gateways. Port Houston handled 373,756 TEUs, increasing 1% year over year, while several major East and West Coast ports recorded declines.<\/p>\n<p>Among the ports tracked, Long Beach posted the strongest year-over-year growth at 2%, while Los Angeles remained essentially flat. New York\/New Jersey declined approximately 4%, Savannah decreased 1%, Seattle\/Tacoma fell 8%, and Oakland declined approximately 10%. Virginia recorded the largest decrease at approximately 28%.<\/p>\n<p>For Houston, the more important story is consistency rather than short-term volatility.<\/p>\n<p>Port Houston's August increase follows continued stability in container volumes throughout 2026, with total container activity reaching nearly 3.0 million TEUs through August and increasing approximately 1% year over year. Loaded imports increased 5% year to date, providing additional support to overall container activity.<\/p>\n<p>Houston's diversified cargo base also differentiates the region from container-only comparisons. Beyond containers, the Houston Ship Channel continues to handle significant energy, petrochemical, steel, bulk, and manufacturing-related cargo, reinforcing its broader role within U.S. trade and industrial supply chains.<\/p>\n<p>Looking ahead, changing trade policies, geopolitical conditions, and shipping patterns may continue to create monthly volatility across U.S. ports. Port Houston's diversified cargo base, expanding infrastructure, and Gulf Coast location provide a strong foundation for continued trade activity and long-term industrial demand throughout Southeast Houston.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-12674 aligncenter\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-101610-512x285.png\" alt=\"\" width=\"1119\" height=\"623\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-101610-512x285.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-101610-768x428.png 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-101610.png 939w\" sizes=\"auto, (max-width: 1119px) 100vw, 1119px\" \/><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-12\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-12-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-12-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"21\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-13\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-13-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-13-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"22\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1><\/h1>\n<p>&nbsp;<\/p>\n<h1>PORT HOUSTON ACTIVITY UPDATE<\/h1>\n<p>&nbsp;<\/p>\n<blockquote>\n<h4><em>Port Houston continued to demonstrate steady container activity through August 2026, processing 373,756 TEUs during the month, up 1% from August 2025. Year-to-date container volume reached approximately 3.0 million TEUs, also increasing 1% year over year. Loaded imports remained a key source of momentum, increasing 5% year to date, while loaded exports declined 1%.<\/em><\/h4>\n<\/blockquote>\n<p>Cargo performance was mixed across major categories, highlighting the diversity of Port Houston's trade base. Steel emerged as a significant Q3 2026 story, with total steel tonnage increasing 49% year over year in August 2026 to 529,084 tons, driven primarily by a 54% increase in steel imports. General cargo increased 22% year to date, while total tonnage at Port Houston's public terminals remained essentially unchanged through August.<\/p>\n<p>At the broader Houston Ship Channel level, trade activity remained strong. Total tonnage increased 15% year to date through July 2026, led by a 21% increase in exports. Crude oil exports increased 40% year to date, reinforcing the Channel's importance to Houston's energy and industrial economy.<\/p>\n<p>For industrial real estate, the continued mix of container, energy, steel, and general cargo activity reinforces Southeast Houston's role as a diversified logistics and industrial corridor. Port Houston's ability to serve multiple cargo categories provides demand support beyond container volumes alone.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-13-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-13-1-0\" class=\"so-panel widget widget_media_image panel-first-child\" data-index=\"23\" ><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"135\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-101822.png\" class=\"image wp-image-12675  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" \/><\/div><div id=\"panel-12629-13-1-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"24\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h6><em>Port Houston continued to demonstrate steady container activity through August 2026.<\/em><\/h6>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-13-1-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"25\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h4><strong>LOADED IMPORTS<\/strong><\/h4>\n<p>+5% YTD<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-14\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-14-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-14-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"26\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h4><strong>AUGUST 2026 - TEUS<\/strong><\/h4>\n<p><strong>+ Import 189,151<\/strong><\/p>\n<p><strong>+ Export 184,605<\/strong><\/p>\n<p><strong>+ Total 373,756<\/strong><\/p>\n<p>Port Houston continued to demonstrate steady container activity through August 2026<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-14-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-14-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"27\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h4><strong>IMPORT TONNAGE PERFORMANCE AUG 2025\/AUG 2026<\/strong><\/h4>\n<p>+ General -13%<\/p>\n<p>+ Steel +54%<\/p>\n<p>+ Dry Bulk +100%<\/p>\n<p>+ Liquid Bulk +13%<\/p>\n<p>+ Container +6%<\/p>\n<p><strong>TOTAL IMPORT +32%<\/strong><\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-14-2\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-14-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"28\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h4><strong>EXPORT TONNAGE PERFORMANCE AUG 2025\/AUG 2026<\/strong><\/h4>\n<p>+ General -74%<\/p>\n<p>+ Steel -9%<\/p>\n<p>+ Dry Bulk -80%<\/p>\n<p>+ Liquid Bulk -1%<\/p>\n<p>+ Container +1%<\/p>\n<p><strong>TOTAL EXPORT -32.6%<\/strong><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-15\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-15-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-15-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"29\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-16\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-16-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-16-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"30\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>TEXAS PORTS<\/h1>\n<h3><strong>THE BIG PICTURE<\/strong><\/h3>\n<p><em>Texas leads the nation in waterborne cargo, with 23 maritime ports handling nearly 750 million tons annually.<\/em><\/p>\n<p>Texas' maritime system is one of the nation's most significant trade and transportation networks, connecting the state's energy, manufacturing, agricultural, and consumer markets with destinations around the world. Collectively, Texas' 23 maritime ports handle nearly 750 million tons of cargo annually, more than any other state.<\/p>\n<p>Six Texas ports rank among the top 20 U.S. ports by total tonnage: Houston, Corpus Christi, Beaumont, Port Arthur, Texas City, and Port Freeport. Houston, Corpus Christi, and Beaumont rank among the nation's top five, demonstrating the extraordinary concentration of maritime activity along the Texas Gulf Coast.<\/p>\n<p>While these ports share access to the Gulf Coast, their cargo profiles and economic roles differ considerably. Houston combines container activity with energy, petrochemical, manufacturing, steel, and general cargo; Corpus Christi is a major crude oil and energy-export gateway; and Beaumont, Port Arthur, Texas City, and Freeport support significant energy, petrochemical, bulk, breakbulk, and industrial cargo activity.<\/p>\n<p>Together, the ports form a complementary maritime network supporting industrial activity throughout Texas rather than a collection of identical competing gateways.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12677\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729-512x342.png\" alt=\"\" width=\"682\" height=\"455\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729-512x342.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729-768x514.png 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729-272x182.png 272w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729-360x240.png 360w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103729.png 921w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/p>\n<p><em>TERMINAL MODERNIZATION AND OPERATIONAL EFFICIENCY REINFORCE PORT HOUSTON'S LONGTERM COMPETITIVE POSITION WHILE SUPPORTING RELIABLE CARGO MOVEMENT THROUGHOUT THE GULF COAST<\/em><\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-16-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-16-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"31\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12678\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-103750-207x512.png\" alt=\"\" width=\"477\" height=\"1180\" \/><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-17\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-17-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-17-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"32\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong>23<\/strong><br \/>\nTexas Maritime Ports<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-17-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-17-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"33\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong>750M Tons<\/strong><br \/>\nAnnual Waterborne Cargo<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-17-2\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-12629-17-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"34\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong>6<\/strong><br \/>\nTexas Ports Among U.S. Top 20 by Tonnage<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-17-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-12629-18\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-18-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-18-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"35\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-19\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-19-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-19-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"36\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>INTERNATIONAL IMPORT TRADE<\/h1>\n<p>&nbsp;<\/p>\n<p><em><strong>IMPORT DYNAMICS<\/strong><\/em><br \/>\n<em>East Asia continued to lead import growth, with loaded container imports from the region increasing 12% year to date and accounting for approximately 57% of Port Houston's loaded container imports.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>Machinery and electronics, resins and plastics, chemicals and minerals, and consumer goods were among the major categories contributing to import growth.<\/p>\n<p>Steel also emerged as an important Q3 2026 import story. Steel imports increased 54% year over year in August to 502,965 tons, producing the strongest month for steel activity since August 2025. While steel imports remained down 11% year to date, the August increase represents a notable improvement in recent activity.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>WHAT THIS MEANS FOR INDUSTRIAL <\/strong><strong>REAL ESTATE<\/strong><br \/>\nThe continued flow of imported machinery, electronics, consumer goods, steel, and other industrial products supports a broad range of real estate requirements throughout Southeast Houston. Distribution facilities, cross-dock buildings, manufacturing space, transload operations, storage yards, and other port-oriented properties all benefit from the movement of goods between Port Houston and the broader regional market.<\/p>\n<p>Port Houston's diverse import base also helps reduce reliance on any single commodity or trade partner, supporting the long-term importance of Southeast Houston within regional and national supply chains.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-20\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-20-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-20-0-0\" class=\"so-panel widget widget_media_image panel-first-child panel-last-child\" data-index=\"37\" ><div style=\"width: 1290px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"522\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports-1280x522.jpg\" class=\"image wp-image-12194  attachment-large size-large\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports-1280x522.jpg 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports-512x209.jpg 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports-768x313.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports-1536x626.jpg 1536w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Imports.jpg 1794w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><p class=\"wp-caption-text\">Import and Export Q2 Port Report maps - 1<\/p><\/div><\/div><\/div><\/div><div id=\"pg-12629-21\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-21-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-21-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"38\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-22\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-22-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-22-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"39\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>INTERNATIONAL EXPORT TRADE<\/h1>\n<p>&nbsp;<\/p>\n<p><em>Houston's export activity continues to reflect the region's position as one of the nation's leading energy, petrochemical, and manufacturing centers. Through July 2026, Houston Ship Channel export tonnage increased 21% year over year to approximately 125.5 million short tons, demonstrating the scale of goods moving from Houston to global markets.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>ENERGY EXPORTS DRIVE GROWTH<\/strong><\/p>\n<p>Energy remains the dominant Q3 export story. Crude oil exports through the Houston Ship Channel increased 40% year to date, while Houston accounted for approximately 31% of U.S. waterborne exports of crude oil and refined products and more than 21% of total U.S. waterborne export tonnage. These figures reinforce the Houston Ship Channel's role as one of the country's most important energy export gateways.<\/p>\n<p><strong>CONTAINER EXPORTS<\/strong><br \/>\nContainer exports presented a different picture. Through August 2026, loaded container exports totaled approximately 1.06 million TEUs, down 1% year over year, compared with the stronger growth occurring in loaded imports.<\/p>\n<p>That distinction is important. We don't want to imply that every export category is booming simply because total Houston Ship Channel export tonnage is up 21%. Energy is driving much of the tonnage growth, while container exports remain relatively stable.<\/p>\n<p><strong>WHAT THIS MEANS FOR INDUSTRIAL <\/strong><strong>REAL ESTATE<\/strong><\/p>\n<p>Houston's export network supports a broad range of industrial real estate demand extending beyond traditional distribution facilities. Manufacturing plants, petrochemical facilities, storage and terminal operations, rail-served properties, outdoor storage, logistics facilities, and other port-oriented industrial uses all benefit from access to the Houston Ship Channel.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-23\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-23-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-23-0-0\" class=\"so-panel widget widget_media_image panel-first-child panel-last-child\" data-index=\"40\" ><div style=\"width: 1290px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"514\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports-1280x514.jpg\" class=\"image wp-image-12197  attachment-large size-large\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports-1280x514.jpg 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports-512x205.jpg 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports-768x308.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports-1536x616.jpg 1536w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Exports.jpg 1869w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><p class=\"wp-caption-text\">Import and Export Q2 Port Report maps - 2<\/p><\/div><\/div><\/div><\/div><div id=\"pg-12629-24\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-24-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-24-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"41\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-25\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-25-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-25-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"42\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>FOREIGN TRADE ZONE<\/h1>\n<p>&nbsp;<\/p>\n<p>A Foreign Trade Zone (FTZ) is a designated area that U.S. Customs and Border Protection treats as outside U.S. customs territory for tariff and duty purposes. This designation provides companies engaged in international trade with greater operational flexibility and potential cost advantages, supporting trade, logistics, and manufacturing activity within the U.S.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>KEY BENEFITS<\/strong><\/p>\n<p>+ Merchandise may enter the zone without formal customs entry<\/p>\n<p>+ Duties and certain federal taxes are assessed only when goods enter U.S. commerce<\/p>\n<p>+ No duties are paid on goods that are re-exported<\/p>\n<p>+ Potential relief from select quotas and trade restrictions, depending on product type<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-25-0-1\" class=\"so-panel widget widget_media_image panel-last-child\" data-index=\"43\" ><img loading=\"lazy\" decoding=\"async\" width=\"510\" height=\"673\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/29.jpg\" class=\"image wp-image-12201  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/29.jpg 510w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/29-388x512.jpg 388w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/29-360x476.jpg 360w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/div><\/div><div id=\"pgc-12629-25-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-25-1-0\" class=\"so-panel widget widget_media_image panel-first-child\" data-index=\"44\" ><img loading=\"lazy\" decoding=\"async\" width=\"391\" height=\"512\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/28-391x512.jpg\" class=\"image wp-image-12199  attachment-medium size-medium\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/28-391x512.jpg 391w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/28-768x1007.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/28.jpg 820w\" sizes=\"auto, (max-width: 391px) 100vw, 391px\" \/><\/div><div id=\"panel-12629-25-1-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"45\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<p><strong>PORT HOUSTON FTZ 84<\/strong><\/p>\n<p>FTZ 84 encompasses Port Houston and is one of the largest FTZ networks in the United States, supporting logistics, distribution, manufacturing, petrochemical, and energy industries.<\/p>\n<p>+ Duty and tariff efficiencies, including elimination of duties on reexported goods<\/p>\n<p>+ Streamlined customs processing and improved inventory control<\/p>\n<p>+ Direct access to the Houston Ship Channel and strong regional connectivity via highway, rail, and air cargo networks<\/p>\n<p>&nbsp;<\/p>\n<p><strong>HOW IT WORKS<\/strong><\/p>\n<p>+ Goods entering an FTZ are not immediately subject to U.S. customs duties<\/p>\n<p>+ Duties are paid only when goods leave the zone and enter U.S. commerce<\/p>\n<p>+ Goods exported directly from the FTZ are not subject to U.S. duties<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-26\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-26-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-26-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"46\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-27\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-27-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-27-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"47\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>KEY TAKEAWAYS FOR INDUSTRIAL REAL ESTATE<\/h1>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-28\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-28-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-28-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"48\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12680\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110748.png\" alt=\"\" width=\"145\" height=\"145\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>PORT-DRIVEN DEMAND REMAINS A MAJOR FORCE IN SOUTHEAST HOUSTON<\/strong><br \/>\nSoutheast Houston recorded approximately 3.7 million square feet of net absorption during<br \/>\nQ3 2026, representing roughly 43% of Houston's quarterly distribution absorption, while direct<br \/>\nvacancy improved to 7.6%.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-28-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"49\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12683\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110829.png\" alt=\"\" width=\"141\" height=\"124\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>THE HOUSTON SHIP CHANNEL'S ECONOMIC REACH EXTENDS FAR BEYOND THE PORT<\/strong><br \/>\nMarine cargo activity along the Houston Ship Channel supported approximately $986.9<br \/>\nbillion in annual U.S. economic value and 3.53 million jobs in 2025, reinforcing the scale of the<br \/>\nindustrial ecosystem connected to Houston's maritime economy.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-28-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-28-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"50\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12681\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110803.png\" alt=\"\" width=\"138\" height=\"136\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>PORT HOUSTON'S DIVERSE CARGO BASE SUPPORTS MULTIPLE INDUSTRIAL SECTORS<\/strong><br \/>\nStable container activity, strengthening steel imports, and growing energy exports support<br \/>\ndemand from distribution, logistics, manufacturing, storage, transportation, and other port-oriented<br \/>\nindustrial users. Loaded container imports increased 5% YTD, August steel imports<br \/>\nincreased 54% year over year, and Houston Ship Channel crude oil exports increased 40% YTD.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-28-1-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"51\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12684\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110842.png\" alt=\"\" width=\"146\" height=\"128\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>IMPORT AND EXPORT ACTIVITY IS CREATING DIFFERENT REAL ESTATE DEMAND DRIVERS<\/strong><br \/>\nLoaded container imports increased 5% year-to-date, supporting distribution and consumer-oriented<br \/>\nlogistics demand, while Houston Ship Channel export tonnage increased 21%, led<br \/>\nby strong energy exports. Together, these trade flows support a broad mix of warehouse,<br \/>\nmanufacturing, storage, terminal, and transportation-related real estate requirements.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-28-2\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-28-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"52\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12682\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110816.png\" alt=\"\" width=\"135\" height=\"126\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>INFRASTRUCTURE INVESTMENT IS PREPARING THE PORT FOR FUTURE GROWTH<\/strong><br \/>\nWith Port Houston's portions of Project 11 complete, planning for Project 12 underway, and<br \/>\ncontinued investment at Bayport and Barbours Cut, Houston is expanding both waterside and<br \/>\nlandside infrastructure to support future trade activity.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-28-2-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"53\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: center\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12685\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Screenshot-2026-10-20-110856.png\" alt=\"\" width=\"133\" height=\"128\" \/><\/strong><\/p>\n<p style=\"text-align: center\"><strong>PORT HOUSTON'S STABILITY STANDS OUT IN A VOLATILE TRADE ENVIRONMENT<\/strong><br \/>\nPort Houston handled nearly 3.0 million TEUs through August 2026, up 1% year over year, while<br \/>\nseveral major U.S. container gateways recorded year-over-year declines. Houston's diversified<br \/>\ncargo base and expanding international connections provide additional resilience as global<br \/>\ntrade patterns continue to shift.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-29\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-29-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-29-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"54\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-30\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-30-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-30-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"55\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>ABOUT LEE &amp; ASSOCIATES<\/h1>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-12629-31\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-12629-31-0\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-31-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"56\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 style=\"text-align: left\"><em><strong>INDUSTRIAL ADVISORS<\/strong><\/em><\/h3>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left\">\n<strong>MIKE SPEARS, SIOR,CCIM<\/strong><br \/>\nMANAGING PRINCIPAL<br \/>\n<strong>MASON ALSBROOKS, SIOR, CCIM<\/strong><br \/>\nEXECUTIVE PRINCIPAL<br \/>\n<strong>THOMAS LEGER, SIOR<\/strong><br \/>\nEXECUTIVE PRINCIPAL<br \/>\n<strong>PRESTON YAGGI, SIOR,CCIM<\/strong><br \/>\nEXECUTIVE PRINCIPAL<br \/>\n<strong>CHASE CRIBBS, SIOR<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>RICHARD GLASS, SIOR<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>JUSTIN TUNNELL, SIOR<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>PATRICK WOLFORD, SIOR, CCIM<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>STEPHEN KUPER<\/strong><br \/>\nVICE PRESIDENT<br \/>\n<strong>CLINT HANKLA<\/strong><br \/>\nSENIOR DIRECTOR<br \/>\n<strong>AUSTIN DABBS<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>MATTHEW CLAY<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>TROY COLLINS<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>ANDRES CREXIELL<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>JASON ENGLISH<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>JOHN GAZZOLA<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>JEFF KUPER<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>THOMAS MONAGHAN<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>STUART PETERSON<\/strong><br \/>\nDIRECTOR<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-31-1\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-31-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"57\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: left\"><strong>CONRAD CHAMBERS<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>MATT JORGENSEN<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>TANNER KINCANNON<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>ANDREW MCGUIRE<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>MARCO MILOSAVLJEVIC<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>FELIPE RODRIGUEZ<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>CHASE TAYLOR<\/strong><br \/>\nASSOCIATE<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left\"><strong><em>OFFICE ADVISORS<\/em><\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left\">\n<strong>CHRIS LEWIS, SIOR<\/strong><br \/>\nMANAGING PARTNER<br \/>\n<strong>BILL INSULL, CCIM<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>DREW LEWIS<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>TRAVIS TAYLOR<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>BLAKE R. VIRGILIO, SIOR, CCIM<\/strong><br \/>\nPRINCIPAL<br \/>\n<strong>WADE BOWLIN<\/strong><br \/>\nEXECUTIVE VICE PRESIDENT<br \/>\n<strong>COURTNEY BUCKOUT<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>BLAINE SINCLAIR<\/strong><br \/>\nDIRECTOR<br \/>\n<strong>JEFF CHARBONNEAU<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>ERIK JORGENSEN<\/strong><br \/>\nASSOCIATE<br \/>\n<strong>MAX WELCH<\/strong><br \/>\nASSOCIATE<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-12629-31-2\"  class=\"panel-grid-cell\" ><div id=\"panel-12629-31-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"58\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3><em><strong>RETAIL ADVISORS<\/strong><\/em><\/h3>\n<h3><\/h3>\n<p>&nbsp;<\/p>\n<p><strong>BRANDI DEES<\/strong><br \/>\nSENIOR VICE PRESIDENT<br \/>\n<strong>MCKAILY CARPENTER<\/strong><br \/>\nASSOCIATE<\/p>\n<p>&nbsp;<\/p>\n<h3><em><strong>CAPITAL MARKET ADVISORS<\/strong><\/em><\/h3>\n<p>&nbsp;<\/p>\n<p>JASON DANNATT<\/p>\n<p>CHRIS DANNATT<\/p>\n<p>TOBY KETTLE<\/p>\n<p>&nbsp;<\/p>\n<p><strong>LOCAL EXPERTISE. INTERNATIONAL REACH.<\/strong><\/p>\n<p>With offices in 85+ markets across North America, Lee &amp; Associates has the ability to deliver first-class services to our clients both locally and internationally.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>THE LEE ADVANTAGE<\/strong><\/p>\n<p>Lee &amp; Associates \u2013 Houston is a fully-integrated commercial real estate company with unrivaled market knowledge and an unwavering commitment to integrity and excellence. Our business-minded brokers specialize in office, industrial, and land real estate investments. The brokerage is uniquely qualified to support our client\u2019s real estate needs in Houston, across Texas, and throughout the US.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-12629-31-2-1\" class=\"so-panel widget widget_media_image panel-last-child\" data-index=\"59\" ><img loading=\"lazy\" decoding=\"async\" width=\"1070\" height=\"877\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Office-Map-UPD-1.2026-Key-1.png\" class=\"image wp-image-12214  attachment-full size-full\" alt=\"\" style=\"max-width: 100%; height: auto;\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Office-Map-UPD-1.2026-Key-1.png 1070w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Office-Map-UPD-1.2026-Key-1-512x420.png 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/07\/Office-Map-UPD-1.2026-Key-1-768x629.png 768w\" sizes=\"auto, (max-width: 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You may unsubscribe at any time.<\/div><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_8_7'><div class='gchoice gchoice_8_7_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_7.1' type='checkbox'  value='Keep me updated with future Houston Industrial Market Reports.' checked='checked' id='choice_8_7_1'   aria-describedby=\"gfield_description_8_7\"\/>\n\t\t\t\t\t\t\t\t<label for='choice_8_7_1' id='label_8_7_1' class='gform-field-label gform-field-label--type-inline'>Keep me updated with future Houston Industrial Market Reports.<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <button type='submit' id='gform_submit_button_8' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' >Download the PDF<\/button> \n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_8' value='postback' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_8' id='gform_theme_8' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_8' id='gform_style_settings_8' value='' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_8' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='8' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='USD' value='oPLK9MEnm64gakz552m+LC8+zQ+stk10Pmjb7B6JwgyRHdcBEZ3toJX0rG35d0pYPWQBUOUb8FWJDmBLsx3JV6H4BS8hRysuYk5xpESaYWauKrQ=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_8' value='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' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_8' id='gform_target_page_number_8' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_8' id='gform_source_page_number_8' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>OVERVIEW &nbsp; PORT HOUSTON: DRIVING INDUSTRIAL AND LOGISTICS DEMAND Port Houston continues to serve as a critical gateway for international trade and one of Southeast Houston&#8217;s most important long-term industrial demand drivers. Its scale, multimodal connectivity, diverse cargo base, and continued infrastructure investment support logistics, distribution, manufacturing, energy, and import and export activity throughout the region. &nbsp; CHANNEL CAPACITY AND TERMINAL EFFICIENCY The 52-mile Houston Ship Channel remains the foundation of Houston&#8217;s maritime economy and&#8230;<\/p>\n","protected":false},"author":275,"featured_media":12687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[18,25,3308],"class_list":["post-12629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports","tag-commercial-real-estate","tag-lee-associates","tag-port-houston"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Port Houston | Market Report Q3 2026 - Lee &amp; Associates | Houston<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/houston\/2026\/10\/21\/port-houston-market-report-q3-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Port Houston | Market Report Q3 2026\" \/>\n<meta property=\"og:description\" content=\"OVERVIEW &nbsp; PORT HOUSTON: DRIVING INDUSTRIAL AND LOGISTICS DEMAND Port Houston continues to serve as a critical gateway for international trade and one of Southeast Houston&#039;s most important long-term industrial demand drivers. Its scale, multimodal connectivity, diverse cargo base, and continued infrastructure investment support logistics, distribution, manufacturing, energy, and import and export activity throughout the region. &nbsp; CHANNEL CAPACITY AND TERMINAL EFFICIENCY The 52-mile Houston Ship Channel remains the foundation of Houston&#039;s maritime economy and...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/houston\/2026\/10\/21\/port-houston-market-report-q3-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates | Houston\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LeeAssociatesHouston\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-21T16:34:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-21T16:34:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2026\/10\/Web-Featured-Image-Posts-868x1280.png\" \/>\n\t<meta property=\"og:image:width\" content=\"868\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"houstonweb5\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LeeAssociateHOU\" \/>\n<meta name=\"twitter:site\" content=\"@LeeAssociateHOU\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"houstonweb5\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2026\\\/10\\\/21\\\/port-houston-market-report-q3-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2026\\\/10\\\/21\\\/port-houston-market-report-q3-2026\\\/\"},\"author\":{\"name\":\"houstonweb5\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/#\\\/schema\\\/person\\\/0f1e841a79d647627de3db2651aca65c\"},\"headline\":\"Port Houston | Market Report Q3 2026\",\"datePublished\":\"2026-10-21T16:34:36+00:00\",\"dateModified\":\"2026-10-21T16:34:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2026\\\/10\\\/21\\\/port-houston-market-report-q3-2026\\\/\"},\"wordCount\":4827,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2026\\\/10\\\/21\\\/port-houston-market-report-q3-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/wp-content\\\/uploads\\\/sites\\\/80\\\/2026\\\/10\\\/Web-Featured-Image-Posts.png\",\"keywords\":[\"Commercial Real Estate\",\"Lee &amp; 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