Marcus & Millichap (NYSE: MMI) has published its Midyear 2024 Houston Industrial Market Report. Highlights include: Houston’s industrial inventory expanded by 20% since 2019, adding over 110 million square feet, which increased the vacancy rate to 7.5% by mid-2024. A shift in…
Houston is the only Texas metro with growing multifamily rents at the moment. But seeing its apartment market as in the clear would require rose-colored glasses. Houston’s multifamily rental rate has grown 1.2% in the last year, according to a July report from MRI ApartmentData,…
Houston is among several U.S. metros expected to see a significant drop-off in migration for at least the next year, as the city continues to experience large job losses brought on by the combination of the coronavirus pandemic and low crude…
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