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Texas

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Market Overview

BACK TO INSIGHTS

EXPLORE 6 Texas MARKETSToggle markets

Austin
Dallas
El Paso
Fort Worth
Houston
San Antonio

Austin

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VACANCY

Apartment

Average Vacancy Rate 5.9%

No change since Q1 2020.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 8.1%.

Distribution / Warehousing

Average Vacancy Rate 10.1%

Fell by 60 basis points.
Expected to finish 2020 at 12.5%.

Flex / R&D

Average Vacancy Rate 9.9%

No change since Q1 2020.
Expected to finish 2020 at 11.4%.

Office

Average Vacancy Rate 13.4%

Seventh lowest in the nation, and the second in the Southwest region, behind only Little Rock.
No change since Q1 2020.
Expected to finish 2020 at 16.0%.

Retail

Average Vacancy Rate 7.7%

Lowest in the Southwest region, fourteenth lowest in the nation.
Drifted upward by 30 basis points.
Highest level since year-end 2011.

RENT

Apartment

Average Asking Rent $1,314

Down 0.1% from Q1 2020.
Expected to finish 2020 at $1,253.

Distribution / Warehousing

Average Asking Rent $7.68

Up 0.4% from Q1 2020.
Expected to finish 2020 at $7.30.

Flex / R&D

Average Asking Rent $10.47

Up 0.4% from Q1 2020.
Expected to finish 2020 at $9.85.

Office

Average Asking Rent $34.30

Up 0.1% from Q1 2020.
Has risen in every quarter since year-end 2016.
Expected to finish 2020 at $32.18.

Retail

Average Asking Rent $24.39

Down 0.6% from Q1 2020.
Expected to finish 2020 at $21.71.

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Learn more about the Texas markets from one of our professionals.

Dallas

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VACANCY

Apartment

Average Vacancy Rate 6.2%

Drifted upward by 10 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 8.7%.

Distribution / Warehousing

Average Vacancy Rate 11.3%

Fell by 100 basis points.
Expected to finish 2020 at 13.7%.

Flex / R&D

Average Vacancy Rate 7.7%

Lowest in the Southwest region, twelfth lowest in the nation.
Rose by 60 basis points.
Expected to finish 2020 at 9.3%.

Office

Average Vacancy Rate 23.0%

No change since Q1 2020.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 25.3%.

Retail

Average Vacancy Rate 12.3%

Drifted upward by 20 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 14.9%.

RENT

Apartment

Average Asking Rent $1,259

Down 0.3% from Q1 2020.
Expected to finish 2020 at $1,221.

Distribution / Warehousing

Average Asking Rent $4.89

Flat since Q1 2020.
Expected to finish 2020 at $4.66.

Flex / R&D

Average Asking Rent $7.65

Fastest rent growth in the Southwest region, eleventh most rapid in the nation.
Has risen in every quarter since Q1 2013.
Expected to finish 2020 at $7.23.

Office

Average Asking Rent $26.23

Down 0.2% from Q1 2020.
Expected to finish 2020 at $25.28.

Retail

Average Asking Rent $18.95

Down 0.5% from Q1 2020.
Expected to finish 2020 at $17.69.

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Learn more about the Texas markets from one of our professionals.

El Paso

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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.

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Learn more about the Texas markets from one of our professionals.

Fort Worth

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VACANCY

Apartment

Average Vacancy Rate 4.7%

Lowest in the Southwest region, forty-first lowest in the nation.
Drifted downward by 10 basis points.
Expected to finish 2020 at 6.5%.

Distribution / Warehousing

Average Vacancy Rate 12.1%

Increased by 70 basis points.
Highest level since Q1 2013.
Expected to finish 2020 at 13.0%.

Flex / R&D

Average Vacancy Rate 8.6%

Drifted upward by 40 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 9.7%.

Office

Average Vacancy Rate 17.6%

Drifted upward by 10 basis points.
Expected to finish 2020 at 19.6%.

Retail

Average Vacancy Rate 11.8%

Drifted upward by 10 basis points.
Expected to finish 2020 at 14.1%.

RENT

Apartment

Average Asking Rent $1,035

Up 0.1% from Q1 2020.
Has risen in every quarter since Q1 2010.
Expected to finish 2020 at $1,009.

Distribution / Warehousing

Average Asking Rent $4.65

Fastest rent growth in the nation.
Has risen in every quarter since Q1 2013.
Expected to finish 2020 at $4.27.

Flex / R&D

Average Asking Rent $7.53

Flat since Q1 2020.
Expected to finish 2020 at $7.12.

Office

Average Asking Rent $21.28

Lowest rent growth in the nation.
Expected to finish 2020 at $20.62.

Retail

Average Asking Rent $16.10

Down 0.5% from Q1 2020.
Expected to finish 2020 at $14.20.

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Learn more about the Texas markets from one of our professionals.

Houston

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VACANCY

Apartment

Average Vacancy Rate 5.6%

Drifted upward by 20 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 7.7%.

Distribution / Warehousing

Average Vacancy Rate 13.3%

Increased by 90 basis points.
Highest level since year-end 2009.
Expected to finish 2020 at 13.7%.

Flex / R&D

Average Vacancy Rate 10.7%

Rose by 90 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 11.6%.

Office

Average Vacancy Rate 24.3%

Rose by 50 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 26.4%.

Retail

Average Vacancy Rate 11.9%

Drifted upward by 10 basis points.
Highest level since year-end 2013.
Expected to finish 2020 at 14.7%.

RENT

Apartment

Average Asking Rent $1,106

Flat since Q1 2020.
Expected to finish 2020 at $1,087.

Distribution / Warehousing

Average Asking Rent $5.92

Up 0.3% from Q1 2020.
Has risen in every quarter since Q1 2012.
Expected to finish 2020 at $5.61.

Flex / R&D

Average Asking Rent $7.92

Down 0.4% from Q1 2020.
Expected to finish 2020 at $7.47.

Office

Average Asking Rent $28.93

Fastest rent growth in the Southwest region, tenth most rapid in the nation.
Expected to finish 2020 at $27.22.

Retail

Average Asking Rent $19.49

Down 0.4% from Q1 2020.
Expected to finish 2020 at $18.17.

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Learn more about the Texas markets from one of our professionals.

San Antonio

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VACANCY

Apartment

Average Vacancy Rate 6.2%

Drifted upward by 10 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 7.5%.

Distribution / Warehousing

Average Vacancy Rate 13.4%

Rose by 90 basis points.
Expected to finish 2020 at 14.0%.

Flex / R&D

Average Vacancy Rate 8.5%

Rose by 140 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 9.5%.

Office

Average Vacancy Rate 16.6%

Drifted downward by 10 basis points.
Expected to finish 2020 at 18.6%.

Retail

Average Vacancy Rate 9.3%

No change since Q1 2020.
Expected to finish 2020 at 12.0%.

RENT

Apartment

Average Asking Rent $984

Up 0.2% from Q1 2020.
Has risen in every quarter since year-end 2009.
Expected to finish 2020 at $965.

Distribution / Warehousing

Average Asking Rent $5.61

Down 0.2% from Q1 2020.
Expected to finish 2020 at $5.26.

Flex / R&D

Average Asking Rent $8.95

Down 0.2% from Q1 2020.
Expected to finish 2020 at $8.26.

Office

Average Asking Rent $22.52

Down 0.9% from Q1 2020.
Expected to finish 2020 at $22.36.

Retail

Average Asking Rent $16.80

Down 0.5% from Q1 2020.
Expected to finish 2020 at $15.68.

Learn more about the Texas markets from one of our professionals

Learn more about the Texas markets from one of our professionals.