Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau. “San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people – an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6 percent. This growth was enough to push San Antonio’s population above the 1.5 million mark.” Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2 percent, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7 percent. See below for some of the other fastest-growing large cities. Houston city population growth Based on U.S. Census Bureau population estimates For the full story check out Census Bureau Reveals Fastest-Growing Large Cities]]>
Austin, Texas has the smallest share of millennials living at home with their mom, at 14 percent. Renters in Austin can expect to put less than 30 percent of their income toward a rental payment. Other markets with a small percentage of millennials living with Mom include Seattle, Denver and Oklahoma City. More millennials age 24-36 live with their moms than at any time in the past decade. Nearly a quarter of U.S. millennials are living at home with their mom, which translates to about 12 million young adults nationwide. The combination of rapidly rising rents and slow income growth over the past half-decade drove many young adults to either move back in or never move out of their parents’ home. Living with parents may allow young adults to pursue work or a passion that may not be especially lucrative, or save enough money for first and last month’s rent or a down payment on a home of their own. Another reason might be that millennials are wanting to enjoy life more and spend their money on travels and entertainment. They see how hard their parents worked and want to make sure they get the most out of life while they are young and can enjoy it. The median rent in the U.S. is $1,447 per month, up almost 3 percent over the past year. Click here to read the entire release. ]]>
Kirby Collection Adds Retail TenantsThis gorgeous Residential High Rise just got even better!
- Pinstripes was the first retail tenant announced, a dining and entertainment venue that will occupy 33,830 square feet when it opens in the Kirby Collection in June 2018. It will be the first Houston location for Pinstripes, which features bowling, bocce ball and other activities. The location also will have outdoor fire pits and a bistro serving Italian and American cuisine.
- Mississippi-based Hancock Whitney Bank
- Houston-based Novum Energy Trading Inc.
- Jacksonville, Florida-based Regency Centers (NYSE: REG). They’re expected to move into the Kirby Collection in the second quarter of 2018.
- A Ma Maniére – A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release.
- Great W’Kana Café, a contemporary Indian restaurant. Chef Sunil Srivastava is moving his Great W’Kana Café into 2,960 square feet at Kirby Collection.
- Atelier Isabelle Rose – a high-end luxury hair salon, will occupy 3,855 square feet.
- Lukoil – U.S. affiliate of a Russian energy trading corporation and Moscow-based.
“It is so exciting to see such growth and ingenuity in the Houston market. It will just continue to add more businesses and newcomers to the Houston area” says real estate broker, Margie Kaplan of MK Luxury Homes & Condos, a real estate boutique specializing in leasing high rise apartments.The Residences at Kirby Collection is a 25-story, 199-unit Class A apartment tower offering 21 different floor plans in Upper Kirby. This is very convenient for their residential tenants. Residences include townhomes, garden lofts, apartments and penthouses. The development has 65,000 square feet of retail space over two levels. The 1 million-square-foot, $125 million Kirby Collection recently was completed on schedule, according to Thor Equities’ Jan. 3 press release. ]]>