Building new housing at a fast pace is the secret to keeping living costs in check. And Texas takes the lead, currently with 126,900 apartments under construction. But, what else makes the Lone Star State get noticed?
“Texas holds the indisputable advantage of land use,” says Doug Ressler, manager of business intelligence at Yardi Matrix. “What’s great about it is that it enjoys an adequate availability to support population growth and migration, from dense cores to available exurban or suburban areas.”
For instance, the Dallas metro area has no less than 49,000 apartments under construction, the highest of all Texan metros, with 11,400 new apartments to be delivered in Dallas proper itself.
Meanwhile, the Austin metro is in the process of building 31,000 apartments, 22,600 of which are located in Austin, the most to be delivered in any Texas city. Although Tesla and SpaceX are still headquartered in California, Musk’s expansion in the Austin area comes with a 4 to 5 million-square-foot facility. And, Oracle is also setting up camp here.
Not to be outdone, the Houston metro has 28,600 new apartments. Named one of the most popular places for corporate relocation and office expansion, Houston has 17,400 apartments under construction.
Additionally, the San Antonio metro will welcome 10,900 new apartments, with 9,300 apartments currently underway.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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