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Austin, which has seen steep year-over-year increases in rent, could see rents leveling out in the coming months. 
Austin does not rank among the markets with the biggest multifamily rent percentage increases, according to Abodo. Those are New Orleans and, surprisingly, Corpus Christi. Nor is Austin on the end of the market that saw rent drop. That is Glendale, Arizona,…
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East Austinites: CodeNEXT A Product Of 'Neoliberal Bubble'
An East Austin group is calling upon City Council to pass a temporary moratorium on rezoning and demolitions in anticipation of the passage of the land development code rewrite known as CodeNEXT. The group, Community Not Commodity, began circulating a…
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Which Texas Metros Are Giving The Most, Least Multifamily Concessions?
The pipeline of 74,000 units of multifamily delivering in DFW, Houston, Austin and San Antonio by 2019 has many leasing agents offering rent concessions to get residents. New data from CBRE Research shows just how much in each metro. Though the…
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Developers Drawn Back Into Governor's Tree Fight
A last-minute substitute of a tree ordinance bill in the Senate could involve commercial development, especially in San Antonio. Gov. Greg Abbott put municipal regulation of trees on the call for the 30-day special session underway. The House passed its own version of…
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The Construction Labor Shortage Needs Major Institutional FixesAsk commercial developers in a major market to name their biggest challenges, and the rising cost of construction will be at or near the top of the list. But while the complaints have grown louder in recent years, the underlying problem has been decades in the making, and the current administration's policies only figure to make it worse. |
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Exclusive: Booming Leasing Activity Counters Crazy Supply In Top 10 Office MetrosThe top 10 office markets fared well in the second quarter, thanks to robust leasing activity that led to strong absorption and moderate rent gains, according to Colliers International's latest Top Office Metros Report. Six of the 10 largest office markets in the country, as tracked by Colliers, experienced positive net absorption in Q2. Still, rising supply and corporate downsizing are putting upward pressure on vacancy rates. Four markets enjoyed a jump in rents, while rates in the other six metros remained flat. Next is a quick snapshot detailing the performance of the top 10 office markets in Q2. |
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