1. Office Space Vacancy Rates: This statistic indicates the percentage of unoccupied office space in Texas. Lower vacancy rates typically signify a strong demand for office space, while higher rates may suggest oversupply or economic downturns.
2. Industrial Property Occupancy Rates: Similar to office space vacancy rates, industrial property occupancy rates reflect the percentage of leased industrial space in Texas. This figure is crucial for assessing the health of the industrial real estate market, which includes warehouses, manufacturing facilities, and distribution centers.
3. Retail Space Performance Metrics: Metrics such as average rent per square foot, vacancy rates, and absorption rates provide insights into the performance of retail properties in Texas. Retail statistics can vary significantly depending on factors like location, consumer demographics, and trends in e-commerce.
4. Multifamily Property Metrics: Key statistics for multifamily properties include average rent, occupancy rates, and rental growth rates. These metrics gauge the performance of apartment buildings, condominiums, and other residential rental properties in Texas.
5. Investment Sales Volume: The total value of commercial real estate transactions in Texas, including sales of office buildings, retail centers, industrial properties, and multifamily complexes, reflects investor confidence and market activity levels.
6. Construction Activity: Tracking the number of new commercial real estate developments, building permits issued, and square footage under construction provides insights into the supply pipeline and future market dynamics in Texas.
7. Cap Rates: Capitalization rates, which measure the annual return on investment for commercial properties, can vary by asset class and location within Texas. Lower cap rates typically indicate higher property values and stronger investor demand.
8. Employment Trends: Employment growth and unemployment rates in Texas influence demand for commercial real estate, particularly office and retail space. Strong job growth typically correlates with increased demand for office space, while high unemployment rates may dampen consumer spending and retail activity.

To obtain the most accurate and up-to-date commercial real estate statistics in 2024, it's advisable to consult industry reports, market research firms, and real estate databases that specialize in tracking regional market trends. Additionally, local real estate associations and government agencies may publish relevant data and reports on the Texas commercial real estate market.