HOUSTON—The Census Bureau's recently released population estimates show Houston's population grew dramatically, moving closer to becoming the nation's third-largest city, as Chicago's population continues to decline. More people will point to the need for additional housing in an area that is already the nation's third-largest metro in apartment absorption, according to Berkadia.
Will this inspire developers to begin building again, and will investors and businesses follow? In this exclusive, Tucker Knight, senior managing director, Berkadia, recently discussed what this latest population data might mean for the housing market in Houston.
GlobeSt.com: Houston's population grew by about 8,200 people in 2017–edging it closer to seizing the title of third-largest city from Chicago. Does that increase in population surprise you and to what do you attribute it?
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
