2018 Tourism Adds $8.7B to Austin Economy

Austin’s tourism industry was lucrative to the metro’s economy in 2018. According to Red Awning Group, visitors to Texas’ capital city generated $8.7 billion in revenue during 2018, making Austin “one of the most profitable U.S. cities for vacation rental managers,” according to the research company’s report. Furthermore, the industry created 70,000 jobs. When it

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Texas Service Sector Growth Continues in July

Business executives responding to the Federal Reserve Bank of Dallas’ Texas Service Sector Outlook Survey indicated a fast-paced growth in July 2019. The revenue index increased from 13.6 in June 2019 to 20.9 in July; the Dallas Fed indicated that one-third of respondents reported an increase in revenues. The employment index increased from 6.9 to

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Houston, Fort Worth Top Ten-X Multifamily “Buy” Report

Ten-X Commercial recently released its latest U.S. Apartment Market Outlook, which included the top five “Buy” and “Sell” markets for multifamily assets. The two Texas cities making the top five “Buy” list were Houston, at No. 1, and Fort Worth, which came in No. 4. Ten-X’s analysis of Houston pointed to a “resurgent energy sector”

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Salt Lake City Industrial Q2: Leasing Increases, Jumping Rents

Q2 2019 figures for Salt Lake City’s industrial sector showed an increase in leasing activity, low vacancies and a jump in rents. JLL’s Industrial Insight report commented that national tenants are moving into “large volumes of space,” while CBRE’s Industrial & Logistics Marketview pointed to “healthy levels of user activity and record development.” Both reports

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DFW Industrial Q2: Population, Employment Propel Construction & Leasing

Halfway through 2019, the Dallas-Fort Worth industrial sector continued its spectacular growth, thanks to population and employment growth in the region. Vacancy continues low, while demand keeps up with what JLL dubbed “unprecedented supply,” also noting that “DFW remained the most active market for construction in the nation for a second consecutive quarter.” CBRE chimed

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Construction Begins on 75K-SF Falcon Hill Building

Construction is underway on a 75,000-square-foot building in the 550-acre, Enhanced Use Lease (EUL) Falcon Hill National Aerospace Research Park at Hill Air Force Base in Layton, UT. Sunset Ridge Development Partners of Salt Lake City – a partnership between Woodbury Corp. and Hunt Cos. – is developing the building. Lockheed Martin has already committed

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