Home > Market Updates, multifamily, Uncategorized > Houston a top commercial real estate market, report says

Houston a top commercial real estate market, report says

Houston ranks among the top U.S. commercial real estate markets in another report.

Coldwell Banker Commercial’s “Top CRE Markets 2014” report, released Feb. 4, ranked Houston No. 3, behind Denver and San Francisco.

Houston ranked No. 2 for multifamily, No. 13 for retail and No. 26 for office. The report considered percent change in vacancy and percent change in rental rates between the third quarter of 2013 and the third quarter of 2014.

Percent change in population and percent change in unemployment for the same time period were also considered. Houston ranked No. 8 and No. 30, respectively, in those categories.

Dallas came in at No. 4 on the overall rankings, San Antonio is No. 7, Austin is No. 9, and Fort Worth rounds out the Texas cities at No. 16. The report ranked 40 markets in total.

The high ranking is not surprising for Houston.

In October, the Urban Land Institute and PwC named Houston the No. 1 real estate market to watch in 2015. Houston ranked No. 1 in both investment and development prospects, and it came in second to Austin for homebuilding prospects in that report.

The Bayou City also took the top spot on Forbes’ recent fastest-growing cities list, though Houston is not expected to grow as fast this year, due to the oil price slump.

Olivia Pulsinelli is the web producer for the Houston Business Journal’s award-winning website

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