Texas Cities’ Strong Showing on ‘Top CRE Markets’ List

MADISON, N.J. (Coldwell Banker Commercial) – Texas cities made a strong showing in Coldwell Banker Commercial’s "Top Commercial Real Estate Markets of 2014" report that was released this week.

The report examined more than 80 markets based on the percent change in vacancy and rental rates for the office, retail and multifamily sectors from third quarter 2013 through third quarter 2014, as well as population and unemployment changes over the same period.

Looking at each city’s overall commercial market, Houston ranked third nationally, followed by Dallas. San Antonio landed at seventh, Austin ninth and Fort Worth 16th.

Meanwhile, Austin had the edge in the office sector, ranking tenth. It was the only Texas city to land in the top ten. No Texas cities appeared among the top ten in retail.

Under multifamily, Houston and Fort Worth ranked second and fourth, respectively.

The Lone Star State also outshined all other states in population growth, with all five major metros landing in the top ten. Austin was first with 2.53 percent population growth between third quarter 2013 and third quarter 2014. At 2.06 percent, Fort Worth was third. Dallas was fourth at 2.01 percent, San Antonio sixth with 1.91 percent and Houston eighth with 1.79 percent.