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...
Construction slowdown could boost Houston multifamily rent growth in 2025
Rent growth has been flat since mid-2023
Like national trends, multifamily rent growth in Houston has been slowing over the past two years, reaching just 0.6% year over year as of the fourth quarter.
Houston job growth slows, but still within historical trends
Through October, 60,000 jobs gained over past 12 months
As the year draws to a close, the pace of six-figure annual job growth witnessed over the past three years in Houston is likely over. Through October, the Bayou City added 60,200 j...
Construction slowdown could help Houston industrial rent growth resume historical norms in 2025
Demand remains steady but recent supply wave largely to blame for slowdown in performance
Similar to other major metropolitan areas across the country, industrial rent growth in Houston has slowed to a crawl over the past several quarters, reaching just 1.9% year over y...
Shrinking construction pipeline, strong demand aid Texas landlords
While still high, fewer multifamily properties offering concessions in Houston
At the end of October, 35% of apartments in Houston offered rent concessions to tenants, which is slightly above the 30 percent national average. This marks the fourth consecutive ...
Medical office vacancy is stable and lower than that of Houston’s traditional office sector
Single-story medical office buildings outperform multi-story buildings
Over the last five years, Houston's medical office vacancy has proven to be considerably lower and more stable than that of the city's traditional office sector.
Thinning Houston industrial pipeline homes in on major transportation nodes
New supply on pace to fall to eight-year low next year
Industrial projects in Houston are moving closer to major transportation nodes near fast-growing residential hubs, resuting in faster delivery times. Developers have historically t...
Beaumont, Texas’ population losses continue
Domestic migration outflows are primary culprit
The population in Jefferson County, the county seat of Beaumont, Texas, declined by 118 people, between July 2022 and July 2023, according to new estimates from the U.S. Census Bur...
Alief, Texas, gears up for biggest year for multifamily completions on record
Two large complexes in Houston suburb expected to be completed in 2024
Alief, Texas, a suburb of Houston, has historically appealed to residents for its affordability. It is fortified by an inelastic base of renters-by-necessity, often employed in blu...
Total retail sales in Houston this year could fall to lowest tally since 2012
High borrowing costs and rising cap rates among smaller deals remain an issue
Texas' status as a non-disclosure state makes transaction volume in Houston difficult to pin down. The total number of retail transactions during the first three quarters of 2024 t...
Total industrial sales in Houston this year could fall to lowest tally since 2016
High borrowing costs and recent supply wave are key culprits
Texas' status as a non-disclosure state makes transaction volume in Houston difficult to pin down. The total number of industrial transactions during the first three quarters of 20...
Asking office rents in Houston edge higher, but remain negative
Inflation has exceeded rent growth for nearly a decade
Houston office asking rents of $30 per square foot are now almost $1 per square foot above what they were entering 2020. Asking office rents in Houston have been edging upward for ...
Apartment construction slows sharply in Houston
Groundbreakings on pace to fall by 70% year over year
This news article was updated on September 17 to clarify the name of a new apartment complex under construction in West Houston's Cinco Ranch neighborhood is called Boardwalk Squar...
Office vacancies keep rising in Houston’s central business district
Vacancy rate now 6% above 2019 level
Few office markets in Houston are performing as poorly as the central business district, or CBD. As of the third quarter of 2024, the vacancy rate stands at 25%, which is the highe...
Crescent City's weak job numbers reflect seasonality of dominant employment sectors
Historically, New Orleans region typically loses 4,000 jobs during first seven months of any given year
According to the most recent release from the Bureau of Labor Statistics, the New Orleans region lost 3,900 jobs during the first seven months of the year. That largely fits the em...
Two sectors drive most job losses in Houston during the first seven months of the year
Trade, transportation and utilities combined with government sectors shed more than 42,000 jobs
Like is happening nationally, job growth is slowing across Houston. The Bayou City lost 13,100 jobs during the first seven months of the year, according to the latest preliminary d...
Record low supply next year could boost retail rent growth in Houston
Rent growth now at 14-year Low
Today, 3.6 million square feet of retail space is under construction, which comprises just 0.8% of the existing inventory. Even though approximately half of the square footage unde...
Houston’s Capital Markets Activity May Have Turned a Corner
First Half Sales Volume Up 52% Year Over Year
Historically, Houston has had shorter periods of downturns in transaction activity than the nation, and it seems that this is once again the case today.
Smaller Industrial Buildings Shielded from Supply-Side Pressure in Houston, but Not Rising Costs
Availability Rates in Small-Bay Properties at Three-Year High
The availability rate in smaller industrial buildings has historically outperformed the Houston market average, especially compared to larger properties of 100,000 square feet or m...
Lafayette Bucks Trend in Louisiana, Continues To Add Residents
Parish Remains Among Top 10 Fastest Growing in the Pelican State Where Population Loss Has Been a Common Theme
Lafayette ranks among the top 10 fastest-growing parishes in Louisiana, where shrinking population is a common trend. Located along the Vermilion River at the interchange of Inters...