Commercial Investment Real Estate March/April 2018 | Page 43

{ N ATION A L}
National and Top 10 U.S. Markets Ranked by Completions
Total
2018
2018
Inventory as Forecast Completion
of 12/2017 Completion % Change
Metros
All Markets
12,987,933 360,000 2.80%
Dallas 704,191 22,158 3.10%
Manhattan 543,945 21,768 4.00%
Denver 246,296 15,661 6.40%
Houston 623,369 14,334 2.30%
Miami 270,823 13,483 5.00%
Los Angeles 407,785 12,472 3.10%
Seattle 291,315 12,362 4.20%
Washignton, D.C. 505,144 11,249 2.20%
Atlanta 422,154 10,231 2.40%
San Antonio 185,509 9,385 5.10%
{WEST}
Salt Lake City Reaches Record
Office Absorption
4.65
Net absorption
Deliveries
3.19
2.77
2.39
2.22 2.20
1.61
1.20
1.10
2013
Source: Yardi Matrix
5.45
Numbers in millions square feet
2014
2015
2016
Multifamily Development to
Hit Cycle Peak in 2018
YTD 2017
Source: JLL
{SOUTHWEST}
Dallas Tops Houston as No. 1 Texas Market
Analyzing several key metrics in liquidity and performance, Dallas comes out ahead of Houston, according to
Real Capital Analytics. Currently, Dallas’s liquidity score is elevated, with greater activity and more diverse
buyer interest. Also, prices in Dallas have soared 7.9 percent during the past year. Overall, transaction
volume in Dallas is higher than Houston’s, but the gap is beginning to narrow.
Dallas
140
130
120
110
100
90
80
70
60
50
40
Houston
Liquidity
Pricing
Liquidity
Capital liquidity score
100
90
80
70
60
50
40
30
20
10
0
Liquidity
Liquidity
Pricing
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Pricing
RCS CPPI,
Dec ’06 index = 100
Pricing
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: Real Capital Analytics
CCIM.COM
March | April 2018
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