HOUSTON
Modern deconstructionists: Israeli developer Azorim and Habitat for Humanity Northwest Harris County are deconstructing low-rise commercial buildings to make way for two 28-story condo towers that are expected to be LEED-certified (Leadership in Energy and Environmental Design).
KANSAS CITY, Mo.
Kansas City, here I come: FedEx, Kimberly-Clark, and Pacific Sunwear have recently established operations here. Healthy job growth means more rental demand and continued rent growth.
DALLAS/FORT WORTH
Sugar and spice: Job growth is expected to remain significantly above the national average here, including a 3 percent growth in the leisure and hospitality sector. Developers are delivering almost exclusively large apartment complexes— that’s what happens when you have so much available land. However, the number of planned developments has slowed by 20 percent. If you’re looking to spice up your palate, may we suggest a value-added play close to major transportation hubs? It’s your call..
NEW ORLEANS
Little supply in the Big Easy: An acute rental shortage has nearly doubled the cost of rent here. Uptown, Gentilly, and Mid-City command the highest rents of any part of the metro area. But St. Tammany is dominant among the suburban parishes, with rents cresting at $1.28 per square foot.
