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VACANCY
Apartment
The average Vacancy Rate was 5.1% in the Austin metro
- No vacancy change since Q2 2022 in the Austin metro.
- The Austin metro had the lowest vacancy level since Q3 2014.
- Vacancy is expected to finish 2022 at 5.5% 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 21.4% in the Austin metro
- No vacancy change since Q2 2022 in the Austin metro.
- The Austin metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 21.9% in the Austin metro.
Retail
The average Vacancy Rate was 8.3% in the Austin metro
- The Austin metro had the second lowest vacancy in the nation, behind only San Francisco.
- Vacancy in the Austin metro declined by 60 basis points.
- The Austin metro had the lowest vacancy level since Q3 2020.
RENT
Apartment
The average Asking Rent was $1,546 in the Austin metro
- Rent in the Austin metro was up 1.5% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Austin metro.
- Rent is expected to finish 2022 at $1,558 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 $35.98 in the Austin metro
- Rent in the Austin metro was up 0.6% from Q2 2022.
- Austin metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2022 at $36.20 in the Austin metro.
Retail
The average Asking Rent was $24.17 in the Austin metro
- The Austin metro had the second fastest rent growth in the nation, behind only Norfolk/Hampton Roads.
- Rent is expected to finish 2022 at $24.21 in the Austin metro.
VACANCY
Apartment
The average Vacancy Rate was 5.1% in the Dallas metro
- Vacancy in the Dallas metro drifted downward by 10 basis points.
- The Dallas metro had the lowest vacancy level since Q3 2018.
- Vacancy is expected to finish 2022 at 5.1% in the Dallas metro.
Distribution / Warehousing
The average Vacancy Rate was 7.1% in the Dallas metro
- Vacancy in the Dallas metro has been in decline for six consecutive quarters.
- The Dallas metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.6% in the Dallas metro.
Flex / R&D
The average Vacancy Rate was 4.9% in the Dallas metro
- The Dallas metro had the lowest vacancy in the nation.
- Vacancy in the Dallas metro has been in decline for six consecutive quarters.
- The Dallas metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 25.0% in the Dallas metro
- Vacancy in the Dallas metro rose by 200 basis points.
- Vacancy is expected to finish 2022 at 24.6% in the Dallas metro.
Retail
The average Vacancy Rate was 12.1% in the Dallas metro
- The Dallas metro had the tenth lowest vacancy in the nation and the eleventh lowest in the Southwest.
- No vacancy change since Q2 2022 in the Dallas metro.
- The Dallas metro had the lowest vacancy level since year-end 2018.
RENT
Apartment
The average Asking Rent was $1,498 in the Dallas metro
- Rent in the Dallas metro was up 1.5% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Dallas metro.
- Rent is expected to finish 2022 at $1,506 in the Dallas metro.
Distribution / Warehousing
The average Asking Rent was $5.69 in the Dallas metro
- Rent in the Dallas metro was up 2.9% from Q2 2022.
- Rent Has risen for nine consecutive quarters in the Dallas metro.
- Rent is expected to finish 2022 at $5.86 in the Dallas metro.
Flex / R&D
The average Asking Rent was $8.68 in the Dallas metro
- Rent in the Dallas metro was up 2.4% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Dallas metro.
- Rent is expected to finish 2022 at $8.90 in the Dallas metro.
Office
The average Asking Rent was $27.01 in the Dallas metro
- The Dallas metro had the fastest rent growth in the nation.
- Rent Has risen for six consecutive quarters in the Dallas metro.
- Rent is expected to finish 2022 at $27.15 in the Dallas metro.
Retail
The average Asking Rent was $19.02 in the Dallas metro
- Rent in the Dallas metro was up 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $19.02 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 3.7% in the Fort Worth metro
- The Fort Worth metro had the lowest vacancy in the Southwest region, third lowest in the nation.
- Vacancy in the Fort Worth metro drifted downward by 10 basis points.
- The Fort Worth metro had the lowest vacancy level since year-end 2018.
Distribution / Warehousing
The average Vacancy Rate was 7.7% in the Fort Worth metro
- Vacancy in the Fort Worth metro has been in decline for six consecutive quarters.
- The Fort Worth metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.2% in the Fort Worth metro.
Flex / R&D
The average Vacancy Rate was 5.0% in the Fort Worth metro
- The Fort Worth metro had the fifth lowest vacancy in the nation and the fourth lowest in the Southwest.
- Vacancy in the Fort Worth metro drifted downward by 10 basis points.
- The Fort Worth metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 20.0% in the Fort Worth metro
- Vacancy in the Fort Worth metro rose by 170 basis points.
- The Fort Worth metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 19.4% in the Fort Worth metro.
Retail
The average Vacancy Rate was 11.6% in the Fort Worth metro
- The Fort Worth metro had the ninth lowest vacancy in the nation and the eighth lowest in the Southwest.
- Vacancy in the Fort Worth metro drifted downward by 20 basis points.
- The Fort Worth metro had the lowest vacancy level since year-end 2019.
RENT
Apartment
The average Asking Rent was $1,193 in the Fort Worth metro
- Rent in the Fort Worth metro was down 0.3% from Q2 2022.
- Rent is expected to finish 2022 at $1,202 in the Fort Worth metro.
Distribution / Warehousing
The average Asking Rent was $5.43 in the Fort Worth metro
- The Fort Worth metro had the fastest rent growth in the Southwest region, third most rapid in the nation.
- Rent Has risen for six consecutive quarters in the Fort Worth metro.
- Rent is expected to finish 2022 at $5.58 in the Fort Worth metro.
Flex / R&D
The average Asking Rent was $8.52 in the Fort Worth metro
- Rent in the Fort Worth metro was up 2.7% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Fort Worth metro.
- Rent is expected to finish 2022 at $8.69 in the Fort Worth metro.
Office
The average Asking Rent was $22.30 in the Fort Worth metro
- Rent in the Fort Worth metro was up 0.4% from Q2 2022.
- Rent is expected to finish 2022 at $22.43 in the Fort Worth metro.
Retail
The average Asking Rent was $15.97 in the Fort Worth metro
- Rent in the Fort Worth metro was up 0.1% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Fort Worth metro.
- Rent is expected to finish 2022 at $16.00 in the Fort Worth metro.
VACANCY
Apartment
The average Vacancy Rate was 5.4% in the Houston metro
- No vacancy change since Q2 2022 in the Houston metro.
- The Houston metro had the lowest vacancy level since Q1 2020.
- Vacancy is expected to finish 2022 at 5.3% in the Houston metro.
Distribution / Warehousing
The average Vacancy Rate was 7.2% in the Houston metro
- Vacancy in the Houston metro has been in decline for six consecutive quarters.
- The Houston metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.7% in the Houston metro.
Flex / R&D
The average Vacancy Rate was 5.5% in the Houston metro
- The Houston metro had the eighth lowest vacancy in the nation and the ninth lowest in the Southwest.
- Vacancy in the Houston metro declined by 190 basis points.
- The Houston metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 26.6% in the Houston metro
- Vacancy in the Houston metro declined by 120 basis points.
- Vacancy is expected to finish 2022 at 26.6% in the Houston metro.
Retail
The average Vacancy Rate was 12.9% in the Houston metro
- No vacancy change since Q2 2022 in the Houston metro.
- The Houston metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 12.6% in the Houston metro.
RENT
Apartment
The average Asking Rent was $1,237 in the Houston metro
- Rent in the Houston metro was up 2.2% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Houston metro.
- Rent is expected to finish 2022 at $1,244 in the Houston metro.
Distribution / Warehousing
The average Asking Rent was $6.92 in the Houston metro
- Rent in the Houston metro was up 3.0% from Q2 2022.
- Houston metro had its fastest rent rate of increase since Q3 2009.
- Rent has risen in every quarter since Q1 2012 in the Houston metro.
Flex / R&D
The average Asking Rent was $9.07 in the Houston metro
- The Houston metro had the second fastest rent growth in the nation, behind only San Bernardino/Riverside.
- Houston metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for nine consecutive quarters in the Houston metro.
Office
The average Asking Rent was $28.76 in the Houston metro
- Rent in the Houston metro was down 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $28.88 in the Houston metro.
Retail
The average Asking Rent was $19.44 in the Houston metro
- The Houston metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $19.48 in the Houston metro.
VACANCY
Apartment
The average Vacancy Rate was 5.0% 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 2022 at 5.2% in the San Antonio metro.
Distribution / Warehousing
The average Vacancy Rate was 5.5% in the San Antonio metro
- The San Antonio metro had the ninth lowest vacancy in the nation and the eighth lowest in the Southwest.
- Vacancy in the San Antonio metro fell by 270 basis points.
- The San Antonio metro had the lowest vacancy level since Q3 2009.
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 19.6% in the San Antonio metro
- Vacancy in the San Antonio metro rose by 60 basis points.
- The San Antonio metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 19.7% in the San Antonio metro.
Retail
The average Vacancy Rate was 10.3% in the San Antonio metro
- The San Antonio metro had the fifth lowest vacancy in the nation and the fourth lowest in the Southwest.
- Vacancy in the San Antonio metro drifted downward by 10 basis points.
- The San Antonio metro had the lowest vacancy level since Q3 2020.
RENT
Apartment
The average Asking Rent was $1,133 in the San Antonio metro
- Rent in the San Antonio metro was up 0.1% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the San Antonio metro.
- Rent is expected to finish 2022 at $1,139 in the San Antonio metro.
Distribution / Warehousing
The average Asking Rent was $6.18 in the San Antonio metro
- Rent in the San Antonio metro was up 1.6% from Q2 2022.
- Rent Has risen for nine consecutive quarters in the San Antonio metro.
- Rent is expected to finish 2022 at $6.29 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 $22.89 in the San Antonio metro
- The San Antonio metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $23.00 in the San Antonio metro.
Retail
The average Asking Rent was $17.17 in the San Antonio metro
- The San Antonio metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $17.19 in the San Antonio metro.