San Antonio 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for San Antonio, Texas
Austin 2Q 2024 Report
Austin 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,561 2Q 2024 2Q 2024 RENT CHANGE -6.2% OCCUPANCY RATE 91.1% 2Q 2024 ANNUAL OCCUPANCY CHANGE 140 BASIS POINTS QUARTERLY DEMAND 6,366 [YTD: 10,882] QUARTERLY COMPLETIONS 7,128 [YTD: 15,940] KEY TAKEAWAYS With roughly 16,000 units delivered in the first half of this year and another 9,300 […]
Dallas-Fort Worth 2Q 2024 Report
Dallas-Fort Worth 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,515 2Q 2024 2Q 2024 RENT CHANGE -1.6% OCCUPANCY RATE 91.9% 2Q 2024 ANNUAL OCCUPANCY CHANGE 70 BASIS POINTS QUARTERLY DEMAND 11,041 [YTD: 16,276] QUARTERLY COMPLETIONS 11,718 [YTD: 21,785] KEY TAKEAWAYS Dallas-Fort Worth’s apartment market is rebounding as robust demand catches up with recent supply growth. […]
El Paso 2Q 2024 Report
El Paso 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,051 2Q 2024 2Q 2024 RENT CHANGE 2.7% OCCUPANCY RATE 95.7% 2Q 2024 ANNUAL OCCUPANCY CHANGE -30 BASIS POINTS QUARTERLY DEMAND 223 [YTD: 572] QUARTERLY COMPLETIONS 206 [YTD: 286] KEY TAKEAWAYS Healthy rental demand has been supporting balanced fundamentals in the El Paso multifamily market. […]
Houston 2Q 2024 Report
Houston 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,327 2Q 2024 2Q 2024 RENT CHANGE 0.1% OCCUPANCY RATE 90.9% 2Q 2024 ANNUAL OCCUPANCY CHANGE -50 BASIS POINTS QUARTERLY DEMAND 7,816 [YTD: 11,192] QUARTERLY COMPLETIONS 7,528 [YTD: 13,223] KEY TAKEAWAYS During the critical spring leasing season, renters absorbed over 7,800 units, slightly surpassing the 7,528 […]
San Antonio 2Q 2024 Report
San Antonio 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,247 2Q 2024 2Q 2024 RENT CHANGE -1.8% OCCUPANCY RATE 90.1% 2Q 2024 ANNUAL OCCUPANCY CHANGE -70 BASIS POINTS QUARTERLY DEMAND 2,114 [YTD: 3,250] QUARTERLY COMPLETIONS 2,340 [YTD: 6,053] KEY TAKEAWAYS Leasing in San Antonio maintained its upward momentum at the mid-point of 2024, although […]
Austin 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Austin, Texas
Dallas 2Q24
An interactive look into the Multifamily Construction Pipeline in Q1 for Dallas, TX
El Paso 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for El Paso, TX
Fort Worth 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Fort Worth, Texas
Houston 2Q24
An interactive look into the Multifamily Construction Pipeline in Q1 for Houston, Texas
San Antonio 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for San Antonio, Texas
Austin Q1 2024 Report
Austin 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,562 1Q 2024 1Q 2024 RENT CHANGE -6.2% OCCUPANCY RATE 90.6% 1Q 2024 ANNUAL OCCUPANCY CHANGE -210 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.4% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 0.6% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Dallas-Fort Worth Q1 2024 Report
Dallas Fort-Worth 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,503 1Q 2024 1Q 2024 RENT CHANGE -1.7% OCCUPANCY RATE 91.6% 1Q 2024 ANNUAL OCCUPANCY CHANGE -120 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 6.6% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 1.9% (FEB 2024) * Please note that these employment figures have been adjusted […]
El Paso Q1 2024 Report
El Paso 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,033 1Q 2024 1Q 2024 RENT CHANGE 2.1% OCCUPANCY RATE 95.1% 1Q 2024 ANNUAL OCCUPANCY CHANGE -70 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 6.1% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 9.1% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Houston Q1 2024 Report
Houston 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,312 1Q 2024 1Q 2024 RENT CHANGE -0.2% OCCUPANCY RATE 90.6% 1Q 2024 ANNUAL OCCUPANCY CHANGE -100 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.5% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 6.4% (FEB 2024) * Please note that these employment figures have been adjusted for […]
San Antonio Q1 2024 Report
San Antonio 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,224 1Q 2024 1Q 2024 RENT CHANGE -2.9% OCCUPANCY RATE 90% 1Q 2024 ANNUAL OCCUPANCY CHANGE -130 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 3.2% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 1.9% (FEB 2024) * Please note that these employment figures have been adjusted […]
Austin 2024 Forecast
Austin 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,560 4Q 2023 $1,570 4Q 2024 2024 RENT CHANGE 0.6% OCCUPANCY RATE 91.4% 4Q 2023 91.0% 4Q 2024 2024 OCCUPANCY CHANGE -40 POINTS EMPLOYMENT* 1.32M 2023 1.34M 2024 UNEMPLOYMENT RATE** 3.5% 2023 3.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]
Dallas-Fort Worth 2024 Forecast
Dallas-Fort Worth 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,492 4Q 2023 $1,535 4Q 2024 2024 RENT CHANGE 2.9% OCCUPANCY RATE 91.9% 4Q 2023 91.6% 4Q 2024 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 4.27M 2023 4.35M 2024 UNEMPLOYMENT RATE** 3.8% 2023 3.9% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]
El Paso 2024 Forecast
El Paso 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,016 4Q 2023 $1,058 4Q 2024 2024 RENT CHANGE 4.1% OCCUPANCY RATE 94.7% 4Q 2023 94.4% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 339.8K 2023 342.9K 2024 UNEMPLOYMENT RATE** 4.5% 2023 4.9% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Houston 2024 Forecast
Houston 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,301 4Q 2023 $1,333 4Q 2024 2024 RENT CHANGE 2.5% OCCUPANCY RATE 91.0% 4Q 2023 90.7% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 3.35M 2023 3.42M 2024 UNEMPLOYMENT RATE** 4.4% 2023 4.2% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
San Antonio 2024 Forecast
San Antonio 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,225 4Q 2023 $1,252 4Q 2024 2024 RENT CHANGE 2.2% OCCUPANCY RATE 90.2% 4Q 2023 90.1% 4Q 2024 2024 OCCUPANCY CHANGE -10 BASIS POINTS EMPLOYMENT* 1.16M 2023 1.18M 2024 UNEMPLOYMENT RATE** 3.8% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]
Austin Q3 2023
Austin 3Q23Multifamily Market Report $1,650 average rent 93.3% average occupancy rate $1.8B ytd sales volume -4.8% YoY rent change -130 POINTS yoy occupancy change 43 YTD individual transactions Supply & Demand 3Q23 4,758 Units QUARTERLY DEMANDYTD: 10,203 6,931 Units QUARTERLY COMPLETIONSYTD: 13,210 Annual Demand vs Completions 2018 10,431 9,235 2019 9,738 9,011 2020 5,988 10,531 […]
Dallas-Fort Worth Q3 2023
Dallas-Fort Worth 3Q23Multifamily Market Report $1,552 average rent 93.4% average occupancy rate $3.1B ytd sales volume -0.5% YoY rent change -1.6 POINTS yoy occupancy change 88 ytd individual transactions Supply & Demand 3Q23 7,244 Units QUARTERLY DEMANDYTD: 12,866 8,170 Units QUARTERLY COMPLETIONSYTD: 21,291 Annual Demand vs Completions 2018 23,385 24,316 2019 25,821 25,109 2020 20,124 […]
Houston Q3 2023
Houston 3Q23Multifamily Market Report $1,367 average rent 93.0% average occupancy rate $1.5B ytd sales volume 0.6% YoY rent change -0.8 POINTS yoy occupancy change 40 ytd individual transactions Supply & Demand 3Q23 6,276 Units QUARTERLY DEMANDYTD: 12,242 6,351 Units QUARTERLY COMPLETIONSYTD: 14,004 Annual Demand vs Completions 2018 3,094 9,623 2019 14,902 9,752 2020 12,572 19,288 […]
