Jan 24, 2018
Texas Real Estate 2018: big four head to growth
TEXAS – Texas’ four major metropolises are expected to continue with stable real estate development and population growth this year, according to Avison Young’s 2018 annual report analyzing the office, retail,...
TEXAS – Texas’ four major metropolises are expected to continue with stable real estate development and population growth this year, according to Avison Young’s 2018 annual report analyzing the office, retail, industrial and investment sectors in 67 markets in six countries on two continents.
According to Avison Young:
— Despite difficulties related to a slowly recovering energy industry and a historic amount of flooding by Hurricane Harvey, Houston manages to maintain a vibrant, diversified economy.
— Dallas dominates the industrial real estate in the U.S. with more than 21.5 million square feet under construction, of which 37 percent is preleased.
— Austin’s robust population, employment and economic growth continue to drive all commercial real estate market sectors.
— Employment in San Antonio continues to grow organically from existing businesses; the city’s real estate market ended 2017 on a positive note thanks to an affordable cost of living and a thriving millennial population.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.