Market Data

Regional Outlook

{Southeast}

North Carolina's Biggest Deal

On the north side of Chapel Hill, N.C., the more than $100 million Carraway Village has proposed building up to 837,000 sf of new  multifamily, retail, office, and hotel space on 55 acres, with as many as 23 low- and mid-rise buildings. The community is poised to transform the city's semi-rural northern border and attract multiple regional visitors.

“Our vision for the project has always been to create a lifestyle destination on the north side of town, with a mixture of uses, with options to live, work, and play,” says Adam Golden, vice president of development for Carraway Village developer Northwood Ravin.

Divided into three phases, Golden expects the first $70 million phase to be completed in fall 2018, including 400 apartment units in 10 buildings, 8,400 sf of ground-floor retail stores, and the community's social hub, the 16,000-sf Village Green park area.


{Southeast}

Orlando's Robust Industrial Market Hums Along

2Q 2017 

108.6 msf: Total inventory in the Orlando, Fla., industrial market

1.8 msf: Direct net absorption for H1 2017

6.88%: Overall vacancy

$6.28 psf: Average rental rate for industrial space in Orlando  on a triple-net lease

Source: Avison Young


{West}

Denver's Arts Community Spurs Urban Renewal 

RiNo, or the River North Arts District, has become Denver's hot neighborhood due to urban renewal, special tax districts, and its robust arts community, according to JLL. The transformation of an iron foundry into a specialty food market called The Source, a new boutique hotel, food market halls, and an upscale residential community are changing its landscape quickly. The Denver Central Market showcases its culinary scene, and many creative businesses have relocated to RiNo.


ND17_41a

{Southwest}

Reality:  Texas Suburbs Growing the Fastest 
  • Nationally, suburban population growth has surpassed increases in urban cities since 2010. This population boost includes people from all generations.
  • More than 80% of large U.S. metros have become  more suburban.
  • Overall, Texas ranks highest in population growth, but its suburbs top the urban core of cities like Dallas, Houston, and San Antonio, Texas.
  • Texas's fastest growing counties, 2010-2016:
    • Fort Bend County, southwest of Houston: 27%
    • Williamson County, north of Austin, Texas: 25%
    • Montgomery County, north of Dallas: 20%
    • Collin County, east of Dallas: 20%

ND17_41b

{Midwest}

Columbus Glows Brightly in Midwest

Multifamily is gaining strength in Columbus, Ohio, by attracting more residents and building demand for apartments in a tight labor market. Job and wage growth comes from the government, energy, education, and health-service sectors.

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