Houston

Further accentuating the office building's appeal is the abstract custom art installation by Gensler called Holographic Sky, which was recently hung in the atrium to capitalize on its abundant natural light.

Demand is not only from e-commerce, but also for oil patch and construction firms seeking to serve the growing 16 million population within 200 miles of Houston as well as the global energy industry.

Occupiers are continuing to demand high-quality office space as evidenced by a total of 2.1 million square feet of class-A leasing activity in first quarter, accounting for 69.6% of all leasing for the quarter.

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.

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.

Aggressive increases in the Southwest have kept Phoenix and Las Vegas at the top of the list for rent growth in the past year while the fastest and slowest yearly rent changes occurred in Midland/Odessa.

Employment figures continue to increase, growing 2.5% annually since January 2018, combined with a decrease in deliveries, resulting in increased effective rents to $1,088, a 1.5% increase since Q1 2018.