MARKET SNAPSHOT

El Paso Q1 2025

AVERAGE RENT

$1,060 Q1 2025

OCCUPANCY RATE

93.8% Q1 2025

QUARTERLY NET ABSORPTION

25 Q1 2025

ANNUAL RENT CHANGE

0.7% Q1 2025

ANNUAL OCCUPANCY CHANGE

-60 BPS Q1 2025

QUARTERLY COMPLETIONS

0 Q1 2025

KEY TAKEAWAYS
El Paso enters 2025 with one of the strongest occupancy rates in Texas, averaging 93.6% in Q1—approximately 140 basis points higher than larger metro counterparts across the state.
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Year-over-year rent growth reached 0.7% as of March 2025, slightly below the national average of 1.0% but notably outperforming the larger Texas Triangle markets.
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Construction activity will be limited in El Paso this year, with only 260 units slated for delivery in 2025—well below the historical average of 450 units—positioning the market for continued stability amid broader supply pressures elsewhere.
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Mike-Watson_Web

Michael Watson

Managing Director / Director of Revenue Production
Michael Moffit

Michael Moffitt

Managing Director
Mike Miller

Michael Miller

Managing Director
Derek Wilson

Derek Wilson

Senior Director
Mark-Diebold-Web

Mark Diebold

Senior Director
Alex-Thompson_Web

Alex Thompson

Senior Advisor
Link Browder

Link Browder

Associate Advisor
Chris Peck

Christopher Peck

Associate Advisor
Thomas Rodriguez_400

Thomas Rodriguez

Associate Advisor

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