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Industrial occupancy gains hit pause in first quarter, driving weaker fundamentals across the board, however, the pipeline continues to grow amid the region's projected population and industrial growth.
In addition to a strong workforce, and rising labor and population rates, the business climate in Texas will facilitate further growth as companies move operations to the state, adding to multifamily demand.
Tech companies were the largest lessors of US office space in 2018, accounting for more than a quarter of the 311.9 million square feet of new leases, and dominating Silicon Valley at 78.1% of leased space.
Caydon is expanding its first Midtown project with a 2.5 million-square-foot mixed-use development in Houston's Innovation Corridor, between two key employment centers and Texas Medical Center.
A lower cost of living, higher quality of life, diverse economic make up and the state's pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.
Sacramento's growing economy, fueled by population growth, affordability and investment in urban development, speak to the market potential of this MSA, not only for retail but healthcare.
Downtown Dallas recently recorded an increase in new amenities, class-A office properties under construction and capital improvements to established assets in order to attract and retain tenants.