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Houston multifamily Developers are showing confidence in the Houston multifamily market with deliveries to nearly double this year.

HOUSTON—Berkadia recently released its 2020 Houston forecast and there’s a sweeping trend expected for the metro area. While a significant share of multifamily deliveries are scheduled inside the 610 Loop, developers are poised to bring about 16,900 deliveries throughout the year, mostly in the Katy and Spring/Tomball markets, thanks to proximity to important transit routes such as Interstate 10 and Grand Parkway.

With strong in-migration and 1.6% employment growth metrowide in 2020, leasing activity is forecast to remain positive in these submarkets, though trail the influx of new supply. The suburban trend is expected to be reflected across the metro this year as sustained demand for apartments will keep annual net absorption positive while lagging deliveries, says the report.

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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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