IRR 2015 forecast: Houston multifamily in the U.S. mix | IRR 2015 forecast: Houston multifamily in the U.S. mix | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=655 | 2015-06-22T00:23:00Z | 2015-06-22T07:00:00Z |
TEXAS, U.S. - The U.S. multifamily market sector continues to lead the commercial real estate industry in many respects according to the latest IRR U.S. Cities Forecast/Conditions viewpoint.
In terms of underlying operating performance, Class B continued to outpace Class A performance with respect to occupancy in 2014.
While the multifamily sector continued to show many signs of strength, including continued expansionary market behavior, strong occupancy rates, and historically low capitalization rates, the early warning signs of a shift in market dynamics may have reared their heads in 2014.
Multifamily Market Conditions and Forecasts 2015
Market Area |
Class A
Inventory
(units) |
Class A
Vacancy
Rate |
Class B
Inventory
(units) |
Class B
Vacancy
Rate |
Forecast
Avg. Annual
Net Absorp.
2015-2018
(units) |
Houston |
286,830 |
5.72% |
322,450 |
6.71% |
7,596 |
Dallas |
222,928 |
5.31% |
211,637 |
4.30% |
3,814 |
Atlanta, Ga. |
196,150 |
4.34% |
171,000 |
7.18% |
3,600 |
Phoenix, Ariz. |
127,427 |
4.50% |
137,622 |
4.74% |
- |
Austin |
99,938 |
6.66% |
73,681 |
3.32% |
2,965 |
Fort Worth |
82,704 |
5.30% |
80,751 |
4.10% |
1,217 |
San Antonio |
79,710 |
8.09% |
81,000 |
6.96% |
4,500 |
Las Vegas, Nev. |
66,253 |
5.68% |
71,289 |
5.50% |
4,770 |
*Ranked by Class A Inventory
tag: Houston Market Research, Houston NewsTalk
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