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VACANCY
Apartment
The average Vacancy Rate was 10.0% in the Austin metro
- Vacancy in the Austin metro has risen for seven consecutive quarters.
- The Austin metro had the highest vacancy level since year-end 2009.
- Vacancy is expected to finish 2024 at 10.0% in the Austin metro.
Distribution / Warehousing
The average Vacancy Rate was 5.7% in the Austin metro
- Vacancy in the Austin metro drifted downward by 40 basis points.
- The Austin metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.5% in the Austin metro.
Flex / R&D
The average Vacancy Rate was 8.0% in the Austin metro
- Vacancy in the Austin metro drifted downward by 20 basis points.
- The Austin metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.2% in the Austin metro.
Office
The average Vacancy Rate was 25.0% in the Austin metro
- Vacancy in the Austin metro drifted upward by 30 basis points.
- The Austin metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 24.8% in the Austin metro.
Retail
The average Vacancy Rate was 8.9% in the Austin metro
- The Austin metro had the lowest vacancy in the nation.
- No vacancy change since year-end 2023 in the Austin metro.
- Vacancy is expected to finish 2024 at 7.9% in the Austin metro.
RENT
Apartment
The average Asking Rent was $1,550 in the Austin metro
- Rent in the Austin metro was down 1.4% from year-end 2023.
- Rent is expected to finish 2024 at $1,589 in the Austin metro.
Distribution / Warehousing
The average Asking Rent was $8.17 in the Austin metro
- Rent in the Austin metro was up 1.6% from Q3 2021.
- Rent Has risen for seven consecutive quarters in the Austin metro.
- Rent is expected to finish 2022 at $8.55 in the Austin metro.
Flex / R&D
The average Asking Rent was $10.91 in the Austin metro
- Rent in the Austin metro was up 1.6% from Q3 2021.
- Austin metro had its fastest rent rate of increase since Q3 2009.
- Rent is expected to finish 2022 at $11.33 in the Austin metro.
Office
The average Asking Rent was $36.60 in the Austin metro
- Rent in the Austin metro was up 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $36.99 in the Austin metro.
Retail
The average Asking Rent was $24.50 in the Austin metro
- Rent in the Austin metro was up 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $24.98 in the Austin metro.
VACANCY
Apartment
The average Vacancy Rate was 7.0% in the Dallas metro
- Vacancy in the Dallas metro drifted upward by 10 basis points.
- The Dallas metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.0% in the Dallas metro.
Distribution / Warehousing
The average Vacancy Rate was 9.3% in the Dallas metro
- Vacancy in the Dallas metro drifted upward by 20 basis points.
- The Dallas metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 8.8% in the Dallas metro.
Flex / R&D
The average Vacancy Rate was 7.5% in the Dallas metro
- The Dallas metro had the seventh lowest vacancy in the nation and the ninth lowest in the Southwest.
- No vacancy change since year-end 2023 in the Dallas metro.
- Vacancy is expected to finish 2024 at 6.1% in the Dallas metro.
Office
The average Vacancy Rate was 25.7% in the Dallas metro
- Vacancy in the Dallas metro drifted upward by 40 basis points.
- The Dallas metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 26.4% in the Dallas metro.
Retail
The average Vacancy Rate was 11.9% in the Dallas metro
- Vacancy in the Dallas metro drifted downward by 20 basis points.
- The Dallas metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 12.2% in the Dallas metro.
RENT
Apartment
The average Asking Rent was $1,584 in the Dallas metro
- Rent in the Dallas metro was up 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $1,631 in the Dallas metro.
Distribution / Warehousing
The average Asking Rent was $6.29 in the Dallas metro
- Rent in the Dallas metro was up 0.6% from year-end 2023.
- Rent has risen in every quarter since Q2 2020 in the Dallas metro.
- Rent is expected to finish 2024 at $6.52 in the Dallas metro.
Flex / R&D
The average Asking Rent was $9.14 in the Dallas metro
- Rent in the Dallas metro was up 0.7% from year-end 2023.
- Rent has risen in every quarter since year-end 2020 in the Dallas metro.
- Rent is expected to finish 2024 at $9.44 in the Dallas metro.
Office
The average Asking Rent was $28.27 in the Dallas metro
- Rent in the Dallas metro was up 0.3% from year-end 2023.
- Rent has risen in every quarter for the past three years in the Dallas metro.
- Rent is expected to finish 2024 at $28.68 in the Dallas metro.
Retail
The average Asking Rent was $19.45 in the Dallas metro
- The Dallas metro had the fastest rent growth in the nation.
- Rent Has risen for seven consecutive quarters in the Dallas metro.
- Rent is expected to finish 2024 at $19.62 in the Dallas metro.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 8.4%
- Lowest in the Southwest region, thirty-ninth lowest in the nation.
- Fell by 110 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.31
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Apartment
The average Vacancy Rate was 6.7% in the Fort Worth metro
- No vacancy change since year-end 2023 in the Fort Worth metro.
- The Fort Worth metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 6.8% in the Fort Worth metro.
Distribution / Warehousing
The average Vacancy Rate was 8.0% in the Fort Worth metro
- The Fort Worth metro had the seventh lowest vacancy in the nation and the eighth lowest in the Southwest.
- Vacancy in the Fort Worth metro increased by 60 basis points.
- Vacancy is expected to finish 2024 at 7.4% in the Fort Worth metro.
Flex / R&D
The average Vacancy Rate was 9.1% in the Fort Worth metro
- Vacancy in the Fort Worth metro drifted downward by 30 basis points.
- The Fort Worth metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 8.8% in the Fort Worth metro.
Office
The average Vacancy Rate was 20.0% in the Fort Worth metro
- Vacancy in the Fort Worth metro drifted upward by 20 basis points.
- The Fort Worth metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 20.5% in the Fort Worth metro.
Retail
The average Vacancy Rate was 11.7% in the Fort Worth metro
- The Fort Worth metro had the eighth lowest vacancy in the nation and the ninth lowest in the Southwest.
- Vacancy in the Fort Worth metro fell by 50 basis points.
- Vacancy is expected to finish 2024 at 12.1% in the Fort Worth metro.
RENT
Apartment
The average Asking Rent was $1,216 in the Fort Worth metro
- The Fort Worth metro had the second fastest rent growth in the nation, behind only Long Island.
- Rent is expected to finish 2024 at $1,255 in the Fort Worth metro.
Distribution / Warehousing
The average Asking Rent was $6.00 in the Fort Worth metro
- Rent in the Fort Worth metro was up 0.5% from year-end 2023.
- Rent has risen in every quarter for the past three years in the Fort Worth metro.
- Rent is expected to finish 2024 at $6.23 in the Fort Worth metro.
Flex / R&D
The average Asking Rent was $9.25 in the Fort Worth metro
- The Fort Worth metro had the second fastest rent growth in the nation, behind only Suburban Virginia.
- Rent has risen in every quarter for the past three years in the Fort Worth metro.
- Rent is expected to finish 2024 at $9.56 in the Fort Worth metro.
Office
The average Asking Rent was $23.47 in the Fort Worth metro
- Rent in the Fort Worth metro was up 1.3% from year-end 2023.
- Fort Worth metro had its fastest rent rate of increase in four quarters.
- Rent Has risen for seven consecutive quarters in the Fort Worth metro.
Retail
The average Asking Rent was $16.21 in the Fort Worth metro
- Rent in the Fort Worth metro was up 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $16.34 in the Fort Worth metro.
VACANCY
Apartment
The average Vacancy Rate was 7.4% in the Houston metro
- No vacancy change since year-end 2023 in the Houston metro.
- The Houston metro had the highest vacancy level since Q3 2012.
- Vacancy is expected to finish 2024 at 7.3% in the Houston metro.
Distribution / Warehousing
The average Vacancy Rate was 8.4% in the Houston metro
- The Houston metro had the tenth lowest vacancy in the nation and the twelfth lowest in the Southwest.
- Vacancy in the Houston metro fell by 60 basis points.
- Vacancy is expected to finish 2024 at 9.2% in the Houston metro.
Flex / R&D
The average Vacancy Rate was 5.3% in the Houston metro
- The Houston metro had the second lowest vacancy in the nation, behind only Miami.
- Vacancy in the Houston metro drifted downward by 30 basis points.
- Vacancy is expected to finish 2024 at 5.3% in the Houston metro.
Office
The average Vacancy Rate was 25.9% in the Houston metro
- Vacancy in the Houston metro drifted downward by 40 basis points.
- The Houston metro had the lowest vacancy level since Q1 2022.
- Vacancy is expected to finish 2024 at 26.6% in the Houston metro.
Retail
The average Vacancy Rate was 12.8% in the Houston metro
- No vacancy change since year-end 2023 in the Houston metro.
- The Houston metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 12.1% in the Houston metro.
RENT
Apartment
The average Asking Rent was $1,307 in the Houston metro
- Rent in the Houston metro was down 0.1% from year-end 2023.
- Rent is expected to finish 2024 at $1,336 in the Houston metro.
Distribution / Warehousing
The average Asking Rent was $7.52 in the Houston metro
- Rent in the Houston metro was up 0.5% from year-end 2023.
- Rent has risen in every quarter since Q1 2012 in the Houston metro.
- Rent is expected to finish 2024 at $7.79 in the Houston metro.
Flex / R&D
The average Asking Rent was $9.65 in the Houston metro
- Rent in the Houston metro was up 0.6% from year-end 2023.
- Rent is expected to finish 2024 at $9.97 in the Houston metro.
Office
The average Asking Rent was $29.60 in the Houston metro
- Rent in the Houston metro was up 0.5% from year-end 2023.
- Rent is expected to finish 2024 at $29.71 in the Houston metro.
Retail
The average Asking Rent was $19.76 in the Houston metro
- Rent in the Houston metro was up 0.2% from year-end 2023.
- Rent Has risen for seven consecutive quarters in the Houston metro.
- Rent is expected to finish 2024 at $20.08 in the Houston metro.
VACANCY
Apartment
The average Vacancy Rate was 7.3% in the San Antonio metro
- Vacancy in the San Antonio metro drifted upward by 20 basis points.
- The San Antonio metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.6% in the San Antonio metro.
Distribution / Warehousing
The average Vacancy Rate was 10.8% in the San Antonio metro
- Vacancy in the San Antonio metro rose by 70 basis points.
- The San Antonio metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 10.5% in the San Antonio metro.
Flex / R&D
The average Vacancy Rate was 7.8% in the San Antonio metro
- Vacancy in the San Antonio metro drifted downward by 40 basis points.
- The San Antonio metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.1% in the San Antonio metro.
Office
The average Vacancy Rate was 20.8% in the San Antonio metro
- Vacancy in the San Antonio metro drifted downward by 10 basis points.
- The San Antonio metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 21.2% in the San Antonio metro.
Retail
The average Vacancy Rate was 10.4% in the San Antonio metro
- The San Antonio metro had the sixth lowest vacancy in the nation and the fourth lowest in the Southwest.
- Vacancy in the San Antonio metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2024 at 10.2% in the San Antonio metro.
RENT
Apartment
The average Asking Rent was $1,124 in the San Antonio metro
- Rent in the San Antonio metro was down 0.8% from year-end 2023.
- Rent is expected to finish 2024 at $1,142 in the San Antonio metro.
Distribution / Warehousing
The average Asking Rent was $6.77 in the San Antonio metro
- Rent in the San Antonio metro was up 0.4% from year-end 2023.
- Rent has risen in every quarter since Q2 2020 in the San Antonio metro.
- Rent is expected to finish 2024 at $7.00 in the San Antonio metro.
Flex / R&D
The average Asking Rent was $9.40 in the San Antonio metro
- Rent in the San Antonio metro was up 1.6% from Q3 2021.
- San Antonio metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for six consecutive quarters in the San Antonio metro.
Office
The average Asking Rent was $23.75 in the San Antonio metro
- Rent in the San Antonio metro was up 0.3% from year-end 2023.
- Rent is expected to finish 2024 at $24.09 in the San Antonio metro.
Retail
The average Asking Rent was $17.35 in the San Antonio metro
- Rent in the San Antonio metro was up 0.1% from year-end 2023.
- Rent is expected to finish 2024 at $17.61 in the San Antonio metro.