Texas Market Reports

Massive New Projects, National Retailers Spur Development Explosion In El Paso

El Paso in 2017 is a story of growth. Sales tax rebates increased over 10 percent in 2016 — second among the 20 largest cities in Texas. Since 2000, the El Paso-area population has increased by more than 27 percent, and as the longtime adage goes, “retail follows rooftops.” Long under the radar of national concepts, El Paso’s retail sector is changing. Major retail developments in El Paso are gaining national attention. One of the catalysts contributing to this interest is the..

April 14, 2017

San Antonio: Hospitality on the Rise

San Antonio evokes many positive images: the River Walk, the Alamo, Fiesta, the Mission Trail, Texas Hill Country and more. All of these images have one thing in common: hospitality. San Antonio is known for its warmth and hospitality. It is a fun place to visit for the many conventioneers and tourists that are attracted to the city year after year. It is also a good place to do business and a great place to live. [caption id="attachment_166174" align="alignright" width="100"] Randy..

November 18, 2016

Alamo City Retail Market in Expansion Mode

As we near the end of 2016, we also mark another strong year for the San Antonio retail market. In fact, the market is strong enough that we can retire the word recovery and replace it with expansion. [caption id="attachment_166166" align="alignright" width="100"] David Nicolson, The Weitzman Group[/caption] Expansion, in a nutshell, means that the retail market has not only matched the pre-recession occupancy level of 92 percent, it has exceeded it. San Antonio currently boasts a healthy..

November 11, 2016

The Case for West Houston — A Long-Term View

In spite of the “noise” created by headlines about low oil prices and energy industry layoffs, west Houston, home to several of the world’s largest energy companies, continues to have strong fundamentals based on decades of phenomenal growth and high-quality development. [caption id="attachment_166158" align="alignright" width="100"] David W. Hightower, Wolff Cos.[/caption] At Wolff Companies, we have been investing in West Houston for over 45 years. From this long-term perspective,..

November 4, 2016

Dallas Multifamily Market Has Staying Power

[caption id="attachment_165244" align="alignright" width="100"] John Reichenbach, Capital One[/caption] Success breeds success. That adage, more than any other, defines the Dallas-Fort Worth economy and its strong multifamily market. In the last five years, a number of companies, such as Toyota North America and Nationstar Mortgage, impressed by the advantages of doing business in Dallas-Fort Worth, have relocated their headquarters here. These companies were attracted by the area’s..

October 21, 2016

Rio Grande Valley Commercial Real Estate Growth is Happening

[caption id="attachment_162470" align="alignright" width="100"] Claudia Ayarzagoitia, Retail Source Real Estate[/caption] Growth. It is occurring all across the Rio Grande Valley. From the residential sector to the retail development industry, regional statistics indicate there is an overwhelming boom in the Valley. The rise in the region’s population and the increasing number of yearly visits from Mexican nationals, among other factors, are contributing to the boom. The Rio Grande..

September 9, 2016

The Prospect for Major Retail Expansion in the Rio Grande Valley is Predictable

[caption id="attachment_162126" align="alignright" width="100"] Michael Blum, NAI Rio Grande Valley[/caption] Last summer, NAI Rio Grande Valley and Michael Uhrbrock, senior vice president of research at the University of Texas Rio Grande Valley, examined eight Rio Grande Valley cities to examine the history of retail sales between 2002 and 2014 and to forecast the future. The cities examined were McAllen, Brownsville, Harlingen, Edinburg, Pharr, Weslaco, Mission and Mercedes. We were..

September 2, 2016

Houston’s Apartment Gains and Pains Haven’t Been Equally Distributed

[caption id="attachment_160330" align="alignright" width="100"] Steve Spillette, CDS Community Development Strategies[/caption] The downturn in the upstream oil and gas industry, caused by the low prices of these commodities, has been the subject of continuous examination and prognostication since its onset in late 2014, particularly in the Houston region. Though it has diversified its economy somewhat since the 1980s, when its overdependence on that industry brought ruin to its economy,..

August 5, 2016

Look Beyond Oil and Gas to Understand Prospects for Houston’s Industrial Sector

[caption id="attachment_159450" align="alignright" width="100"] Phillip Wiggins, Stratford Land[/caption] Outsiders looking at the Houston industrial real estate market may automatically presume doom and gloom for all commercial real estate segments due to the significant downturn in the oil and gas industry during 2015 and 2016. When it comes to the Houston industrial sector, we caution not to jump to that conclusion too fast! In 2016, the Houston regional economy has much more going for..

July 22, 2016

Oil Prices Cause Dip in Multifamily Market, But Value-Add Opportunities Remain Strong

[caption id="attachment_158932" align="alignright" width="100"] Clifford Booth, president and CEO, Westmount Realty Capital[/caption] Although Houston’s local economy is not exclusively dependent on oil and gas, re-energizing this sector will be key to a multifamily rebound in the area. Since the downturn in oil prices over the last two years, Houston’s multifamily market has been one of the most impacted victims of the area’s economic slowdown. Oil and gas is estimated to represent..

July 15, 2016