Newmark Texas’ Post

The Newmark Houston Multifamily team presents the 1Q24 Houston Multifamily Market Update. Key takeaways: - Houston ranks # 1 among the largest U.S. metros in projected average annual job gains from 2024–2028 - Houston is projected to be # 1 in the nation for population growth from 2024–2028 - 1Q24 Class A absorption was 18.9% higher than average 1Q Class A absorption from the previous 5 years Download the full update to learn more: https://lnkd.in/g_B_Qga7 David Mitchell, Thomas Alleman, Russell Jones, Matt Saunders, \Tip Strickland, David Schwarz, CCIM, Purvesh G. #cre #houston #investmentsales #multifamily #NewmarkTexas

The Newmark Central Texas Multifamily team presents the 4Q23 San Antonio Multifamily Market Update. Key takeaways: 💼 In the past 12 months ending in June 2023, the San Antonio metro gained 41,700 jobs, a 4.2% expansion well ahead of the 2.8% national average 🏢 San Antonio led Texas with the most significant rebound in absorption from the first half to the second half of 2023, according to CoStar ➡️ Download the full update to learn more: https://lnkd.in/e2RXu9D Andrew Dickson, Matt Michelson, Jim Young, Chase Easley, Matt Greer, Andrew Wilson #CRE #sanantonio #investmentsales #NewmarkTexas #multifamily

Let's talk Houston! 🚀 With its robust economic growth and job creation consistently ranking in the top 5 among U.S. markets, Houston offers a dynamic playground for real estate investors. 1️⃣ The median single-family home price has surged over 35% in the past 3 years, indicating a thriving market with potential for significant returns. 2️⃣ The city's expanding 20-34 year-old demographic is choosing to rent longer, bolstering multifamily performance and promising steady returns for investors. 3️⃣ With multifamily inventory projected to grow by 2.3% and a healthy vacancy rate of 7.5%, there's room for strategic growth and investment. One of our investors shared their perspective: "Venus Capital consistently delivers great returns on my investments. Their experienced team and excellent customer service make them a top choice for multifamily real estate!" #HoustonRealEstate #InvestorInsights #RealEstateGrowth #InvestWithUs #Multifamily

What are your thoughts on the Louisville multifamily market? Let us know in the comments, and count on us to keep you informed. Read the full report here: https://lnkd.in/gazz5MUU #marcusmillichap #cre #commercialrealestate #louisville #multifamily

Curious about Knoxville's multifamily market? One of our Senior Advisors, Mary Ellen Kilburn recently shared insights on its growth from 5k to 9k units by 2023. Key points: 🏢 Increased developments, a sign of investor confidence. 📈 Population growth fueling rental demand. 🔍 Low vacancy rates and rising rents. Stay tuned with NAI Koella RM Moore for more market updates! #CRE #commercialrealestate #tennessee #easterntennessee #CREbrokerage #investment #knoxville #easttennessee #propertymanagement

Here comes the wave 🌊 Will this bring down the cost of multifamily housing in #Austin?... [TLDR points below] 🏢 Austin, Texas, sees its largest influx of new apartment units in history. 🏗️ Completions for the trailing 12-month period to reach 27,300 units by the end of Q2, second-highest in the nation. 📉 Completions expected to slow next year due to higher borrowing costs. 🌆 Suburbs represent two-thirds of developed units over the past year, with 18,700 units. 🏘️ Active suburban areas include Georgetown, Round Rock, Leander, and Pflugerville. 🚀 Southeast Austin added 3,000 units, expanding inventory by over 30% in the past year. 📉 Urban completions total 8,600 units, with growth in North Austin, East Austin, and Riverside. 🔮 Supply growth to slow in the second half of 2024. 📉 Construction starts down 87% year to date compared to H1 2023. 📈 Completions to remain elevated over the next 18 months, with 11,400 units in 2025 and 10,000 units in 2026. 🏠 Vacancy rate increased by over 4 percentage points in the past year. 🏘️ Suburban vacancy rate at 15.6%, slightly above the urban rate of 14.4%. 📉 Vacancy rate expected to decline as supply growth slows and renter demand remains strong. 🌟 Strong population and job growth to continue shaping trends. #AustinRealEstate #TexasHousingMarket #MultifamilyDevelopment #AustinApartments #HousingTrends #AustinGrowth #RealEstateNews #SuburbanLiving #UrbanLiving

The Johnson City multifamily submarket is showing strong signs of growth and opportunity! With a vacancy rate of just 2.8%, down from last year's 3.1%, the market is tighter than ever. This past year has seen rents climb by a robust 8.8%, reaching an average of $1,130/month. #CommercialRealEstate #HurdCommercialGroup #Multifamily #TriCities #JohnsonCity

Tampa's multifamily market is booming, with over $700 million in sales in Q3 2023 alone, the highest quarterly sales volume in the region's history. The frequency of large deals has also increased, with 7 of the top 10 sales in the last 12 months occurring in Q3. This strong demand from investors is driven by a number of factors, including Tampa's growing population, strong job market, and limited supply of multifamily housing. #TampaMultifamilyMarket #CommercialRealEstate #RealEstateInvestment #FloridaMultifamily #MultifamilyHousing #TampaEconomy

Tampa's multifamily market is booming, with over $700 million in sales in Q3 2023 alone, the highest quarterly sales volume in the region's history. The frequency of large deals has also increased, with 7 of the top 10 sales in the last 12 months occurring in Q3. This strong demand from investors is driven by a number of factors, including Tampa's growing population, strong job market, and limited supply of multifamily housing. #TampaMultifamilyMarket #CommercialRealEstate #RealEstateInvestment #FloridaMultifamily #MultifamilyHousing #TampaEconomy

Exciting times in San Antonio! The multifamily real estate market is booming with potential, but what are the key factors driving this growth? Let's break it down: 1️⃣ Vacancy Rates & Rent Trends: With compelling vacancy rates and favorable rent trends, the demand for rental properties is strong. Investors, take note of the promising potential rental income. 2️⃣ Employment & Construction: San Antonio is on the rise with positive employment trends boosting demand for rentals. Concurrently, new construction projects are carefully monitored to manage competition and potential oversupply. 3️⃣ Absorption Rates & Class of Assets: As new units fill up quickly, the class of assets investors aim to acquire is a crucial consideration in positioning their investment portfolios. Now, hear it from one of our seasoned investors, “The team at Venus Capital is highly skilled at finding off-market deals and ensuring investors come first. They’re fantastic communicators, and their monthly distributions are a testament to their commitment to client satisfaction.” Let's leverage these opportunities to drive your success! #SanAntonioRealEstate #MultifamilyInvesting #RealEstateTrends #InvestWithUs