Fast-growing Houston suburb remains a multifamily developer favorite
Bear Creek-Copperfield ranks among top 10 US markets for new construction over the past year
While apartment construction has slowed sharply across U.S. markets, fast-growing Sun Belt markets continue to rank highly as the last of their supply pipelines empty out.
Salt Lake City office leasing remains well below historic trends
Users continue to examine cost-benefit analysis of their footprints
While Salt Lake City's annual new office leasing volume has edged higher for the past four consecutive years, it remains below pre-pandemic trends.
Salt Lake City’s capital markets give reason for optimism
Multifamily sales volume up more than double year over year
Local brokers have noted that transaction activity has picked up in Salt Lake City since last summer, and the data echo that sentiment.
The tide could be turning for Salt Lake City’s multifamily market
Net migration is at record high and supply is set to fall sharply in 2025
According to new data from the U.S. Census Bureau, the Salt Lake city metropolitan area gained about 19,100 people from international migration last year. Meanwhile, around 8,400 r...
Weaker Houston office leasing volume masks an otherwise active market
Average lease size is at all-time low
Market participants in Houston note that the office leasing market is active. In 2024, more than 4,600 leases were signed, the second-highest figure on record, behind the 2023 tall...
Houston’s office market remains highly fragmented in early 2025
What CoStar's Analytics team is hearing from industry players in Houston
Despite having among the highest vacancy rates in the country, not all is bad in Houston’s office market. The leasing market is active and there are bright spots that don't always ...
Houston’s retail market remains fragmented; Quality space difficult to find
What CoStar’s analytics team is hearing from retail players in Houston
Houston’s retail market is more nuanced than it appears at first sight. Despite having among the largest construction pipelines in the country, the market still feels incredibly ti...
Houston’s multifamily market looks to stabilize in early 2025
What CoStar's analytics team is hearing from industry players in Houston
Houston's multifamily market is at a turning point. With vacancy plateauing and rent increases reaccelerating, the mood among property managers has improved. Still, some challenges...
Houston's industrial market has turned a corner
What CoStar's Analytics team is hearing from industry players in Houston
Houston's industrial market has turned a corner. The supply wave is nearly over, demand remains well above historic norms, and vacancies are stabilizing. Still, there are some head...
New industrial leasing volume in Houston slows for third year in a row
2024 total still 25% above pre-pandemic trends
New industrial leasing volume in 2024 tallied a little over 42.3 million square feet, according to CoStar, marking the third consecutive year with a steady decline from the 52 mill...
Three straight years of six-figure job growth ends in Houston
Bayou City adds 58,000 jobs in 2024
According to the latest preliminary data released by the U.S. Bureau of Labor Statistics, Houston added 57,800 new jobs in 2024, the slowest pace since 2020 and far below the 140,0...
Texan titans firmly lead retail construction in new year
Positive population trends and strong retailer demand keep Dallas and Houston busy
As the saying goes, everything is bigger in Texas. This holds true for our major markets of Houston and Dallas, which combined have seen over 6.7 million square feet of retail spac...
Houston’s capital markets show signs for optimism
Multifamily sales volume up more than double year over year
Local brokers have noted that sales activity has picked up since August across most sectors in Houston and the data is echoing that sentiment. According to CoStar, total sales acti...
Annual net absorption falls close to 20-year low in Houston’s retail market
Move-outs, not leasing activity, to blame
While Houston retail leasing activity is on par with recent years, move-outs have surpassed move-ins.
Houston adds most retail space in the country over the past year
Developers continue to target fast-growing suburbs
Houston ranks first in the country for total retail space completed over the past 12 months, as of the first quarter of 2025, adding 3.6 million square feet in that time.
Houston office rent growth led all property types in 2024 for first time in a decade
Sharp pullback in groundbreakings across sectors could help boost performance this year
Rent growth across all property types in Houston last year was less than stellar. None exceeded 2%, and when adjusting for inflation, all four were in the red.
Rent growth in Houston’s multifamily properties could begin to perform similarly across price ranges
Mid-priced properties historically outperform luxury cohort by 150 basis points
Similar to other markets, Houston’s multifamily market has seen a sharp pullback in groundbreakings over the past several quarters in response to high interest rates and constructi...
Education and health services industries drive recent job growth in New Orleans
Despite inflation curbing expansion plans among retailers and distributors, retail vacancy remains low
According to the most recent release from the Bureau of Labor Statistics, the New Orleans region added 4,400 jobs over the first 10 months of the year.
Houston’s office-using job growth is not translating into higher office occupancy
Trend dates back to 2016
According to the U.S. Bureau of Labor Statistics, Houston has added nearly 76,000 new office-using jobs, or, an 11% expansion since December 2019.
More three-bedroom units are being built in Houston
High mortgage rates and house prices pushing many to rent
Between 2001 and 2014, three-plus bedroom units in Houston made up just 7% of the market-rate inventory that builders opened across the region. This year, they are on pace to excee...