Job growth is like Pedialyte for an interest rate hangover.
But many cities' headaches persist.
Atlanta: Boomtown holding firm
Atlanta remains a magnet for businesses and investors, with solid demand across industrial and multifamily sectors. However, rising interest rates and home prices are testing the market’s resilience.
Austin: Strong job growth meets growing pains
Austin’s economy is thriving with strong job growth, but rising home prices and an overbuilt office market are creating headwinds. The city’s explosive expansion is now facing a reality check.
Boston: Job Growth Keeps Market Resilient
Boston’s thriving job market, led by life sciences and education, is keeping real estate demand strong. But high costs and an oversupplied office market pose challenges.
Chicago: Strong Economy, But Growth Lags
Chicago’s real estate market is holding steady, supported by a diverse economy. High taxes and slow population growth limit upside potential.
Dallas: Hot job market continues powering real estate
Dallas is surging, fueled by some of the strongest job growth in the country. Industrial, multifamily, and corporate relocations are driving demand across the board.
Houston: Energy keeps it running
Houston’s economy is strong, fueled by energy and life sciences, but high office vacancies persist. Industrial remains a standout performer.
Los Angeles: High costs, high vacancies
LA’s office market is struggling, and affordability is a growing problem. Industrial and entertainment remain bright spots, but the city’s growth is slowing.
Miami: Still hot but cooling
Miami’s real estate boom isn’t over, but in-migration is slowing, and climate risks are growing. Luxury and hospitality are thriving, but affordability remains a concern.
New York City: Strong returns but affordability bites
Manhattan’s office and retail markets are rebounding, with demand surging in prime locations. The biggest challenge? Keeping up with soaring costs.
San Francisco: Strong jobs but lots of carnage
The Bay Area continues to generate jobs, but its real estate market is weighed down by record office vacancies. Life sciences and AI provide hope, but recovery is slow.
Seattle: Job growth battles tech slowdown
Seattle’s economy is still adding jobs, but tech layoffs and remote work are pressuring the office market. High living costs and out-migration are making real estate investors cautious.
Washington, D.C.: Can't catch a break
Office struggles cast a long shadow. A long but clear path was starting to form pre-DOGE. Post-DOGE, who knows?
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