Royalton at Craig Ranch Royalton at Craig Ranch will consist of one-bedroom, two-bedroom and three-bedroom units.

McKINNEY, TX—With employment growth slated to further improve during the second half of this year as a result of corporate relocations and expansions, a continual inflow of new residents is expected. This arrival of more Millennials and households during a period of historically high construction activity will result in market conditions mirroring last year, when vacancy adjusted minimally and annual rent growth reached the 4% range, according to a report by Marcus & Millichap.

Another new construction example is the second phase of a multifamily development, the Royalton at Craig Ranch, where SWBC Real Estate is underway on its latest project. This phase will consist of one-bedroom, two-bedroom and three-bedroom units.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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