Regional Summaries

Select a state to view available market snapshots

Houston, TX

The Houston apartment market vacancy rate, essentially stable in the upper-5.0%’s over the previous two years, began a new ascent in late 2015 amid rising construction completion totals. The increase accelerated in 2016, adding 90 basis points to close the year at 6.4%, the largest increase recorded by Reis for this market since 2008. At $986 and $919 per month, average asking and effective rates for the fourth quarter represented gains of 2.1% and 1.9% for the year, fractions of the 5.3% and 4.8% increases recorded for 2015. Respective growth rates for the fourth quarter of 2016 were negative 0.1% for both averages, a loss of $1 for each. VIEW APARTMENT LISTINGS >
Houston’s enormous warehouse/distribution space market, last counted by Reis at 221.1 million square feet, slowed slightly in 2016 but remained active and healthy overall. Reis put fourth quarter vacancy in the local warehouse/distribution space market at 9.0%, down 30 basis points for the period alone but up 30 for the year. At $5.13 psf and $4.84 psf, mean asking and effective rates in the fourth quarter represented gains of 2.2% and 2.3% for the year following 2015’s virtually identical growth rates. Vacancy in metro Houston’s 33.4-million-square-foot Flex/R&D market, also low by national norms, ended 2016 at 8.3%, unchanged since the third quarter but up 30 basis points for the year. Rent gains of 2.0% and 2.2%, asking and effective, achieved in 2015 were followed by increases of 1.8% and 2.0% in 2016. At $7.37 psf and $6.66 psf, meanwhile, respective averages in the fourth quarter of 2016 were up 0.5% and 0.6% for the period. VIEW INDUSTRIAL LISTINGS >
Houston’s 181-million-square-foot general purpose, multi-tenant office market vacancy rate, steady within the narrow range of 14.1% to 14.5% since early 2012, began to escalate in 2015. By the end of that year, it had reached 15.6%. With construction deliveries increasing and demand growing ever weaker, 2016 added fully 220 basis points to the rate, driving it to 17.8%, the highest rate reported by Reis for this market since 2004 (included in 2016’s increase was the fourth quarter’s small 20-basis-points rise). The $28.16 psf and $23.62 psf average asking and effective rates reported for the fourth quarter represented gains of only 0.9% and 1.1% for the year. Gains for the quarter alone were just 0.2% and 0.3%. VIEW OFFICE LISTINGS >
The Houston community-neighborhood shopping center market vacancy rate was 10.9% in the fourth quarter of 2016, unchanged for the year as a whole and up 20 basis points for the quarter. At $18.23 psf and $15.74 psf, asking and effective averages for the fourth quarter represented gains of 2.9% and 3.0% for the year. Increases in the fourth quarter alone were 0.7% for both rates. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers



Additional Resources