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> The trend seems tailor-made for Texas. Office-vacancy rates in most of the state’s major downtowns are high (roughly 25 percent in Dallas and Houston, in the
by arbuge 4y ago
> The trend seems tailor-made for Texas. Office-vacancy rates in most of the state’s major downtowns are high (roughly 25 percent in Dallas and Houston, in the teens in Fort Worth and San Antonio). The cost of single-family homes has skyrocketed and interest rates have risen, making many would-be buyers renters. And relatively few apartments are available, with vacancy levels in the single digits and pricey monthly rents expected to get even pricier
Similar trends and numbers apply nationwide, if not worldwide. You could certainly say all of this (indeed, to an even greater extent) for places like San Francisco and New York City.