Market Intelligence: Q2 Texas Update
Texas remains a highly valued region by multifamily investors and developers. Boasting some of the nation's strongest economic and demographic tailwinds, the Lone Star State has also attracted lots of new development.
New development can be seen as a positive influence for long-term population growth and economic health, although acute lease-up pressure could arise in 2023 and 2024 as a record number of new apartment units deliver to market.
Join RealPage® experts Carl Whitaker and Natalie Long as they share their thoughts on Texas' multifamily environment. Discussion questions include:
- How is new supply influencing local rent growth and occupancy readings?
- Are investors still bullish on the region overall, or is interest cooling amid rising interest rates and unsettled economic trends?
- What is the outlook for the remainder of 2023 and into 2024 for Texas apartment markets?
Multifamily markets in this educational update include:
- Beaumont/Port Arthur
- College Station
- Corpus Christi
- Dallas/Fort Worth
- El Paso
- San Antonio
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
Natalie LongDirector of Client Success, Market Analytics, RealPage, Inc.
Natalie Long manages client services for the Market Analytics platform in the RealPage Asset Optimization suite. Natalie focuses on empowering clients and their businesses through the use of macro analytics in apartment fundamentals, forecasts and capital markets. Prior to her role in client services, Natalie spent two years as an analyst in RealPage’s market intelligence division following three years as a senior appraisal analyst for JPMorgan Chase. Natalie holds a bachelor’s degree in communications and a master’s degree in real estate from Texas A&M University.