Despite economic uncertainty, Houston's office investment market recovery continues
First-quarter 2025 saw second-highest number of first-quarter transactions on record
Momentum in Houston's office investment market continued to build in early 2025 following a steady recovery throughout 2024.
Thinning pipeline and strong demand suggest tighter multifamily market to come in Provo, Utah
Construction starts are one-third the 2022 peak
Provo, about 45 miles south of Salt Lake City, witnessed a significant spike in population and economy before and even more so since the pandemic years. This, in turn, has spurred ...
Vacancies in Houston’s small bay properties remain largely unchanged from 2019
Little supply-side pressure, strong demand keeping vacancies tight
Heading into mid-2025, vacancies among properties 50,000 square feet or smaller remain tight.
Honolulu retail rent growth beats national average for first time in a decade
Healthy demand and limited new supply bode well for landlords
Rent growth has increased over the past two consecutive quarters, bucking the national trend that has seen rent growth decelerate for the past 10 consecutive quarters. Even despite...
The multifamily supply wave is not thinning everywhere in Austin, Texas
New construction in South Austin on track to hit a 12-year high this year
Heading into mid-2025, South Austin's vacancy rate, 13.8%, is at its highest mark in more than 20 years and will likely remain elevated over the next several years.
Thinning Houston medical office pipeline homes in on growing suburbs
Developments are scattered outside of Beltway 8, though total construction is at decade-plus lows
Though medical office development in the Houston area is at its lowest point in years, all 37 medical office projects save one are located outside Beltway 8, as providers look to s...
Fast-growing Houston suburbs absorb more retail space than most of US
Montgomery County and Bridgeland ranked among top 10 for most demand this past year
While retail construction has slowed sharply across U.S. markets, fast-growing Houston markets continue to rank highly as the last of their supply pipelines empty out.
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...