Episode 44: Austin Vacancy Hits 13.8%

What this episode covers

Welcome back to What's Hot What's Not C.R.E. — your daily pulse on commercial real estate in America. It's Thursday, February 19th, 2026. Today — the multifamily class war: A vs B vs C. 🔥 What's Hot — Class B Workforce Housing Wins: Class B occupancy at 95.8% — outpacing Class A at 95.7%. Class B rents 20-30% lower than Class A — the affordability sweet spot. No new supply competition — developers build luxury, Class B benefits from scarcity. Institutional capital returning. Public-private partnerships emerging. Midwest and Northeast seeing 2-4% rent growth. ❄️ What's Not — Class A Sun Belt & Class C Struggles: Austin vacancy 13.8%, Houston 11.4%, Tampa 11.4%. Phoenix leads nation with over half of rentals offering free month rent. Austin median rent down 7.3% YoY — 33 consecutive months of decline. Landlords offering gift cards and event tickets to fill units. Class C (1980s vintage) in Phoenix, FL, TX showing sub-90% occupancy, rising delinquency, forced sales. Rising maintenance costs, insurance pressure, limited capital access. 💡 Why It Matters: The market has already picked the winner. Class B offers durability — stable occupancy, consistent renewals, insulation from new supply wave. Class A Sun Belt recovery not until late 2026/2027. Class C faces structural headwinds that aren't going away. The gap between classes is widening. 🎯 Investor Takeaway: Class B workforce housing is the strongest play for 2026. Higher occupancy than Class A, more durable rent growth, virtually no new supply competition. Avoid Class A in oversupplied Sun Belt metros. Steer clear of Class C until fundamentals stabilize. Thanks for tuning in. See you tomorrow! Don't forget to Like, Share and Subscribe! Visit hotnotcre.com to learn more and subscribe to our newsletter. #CRE #CommercialRealEstate #Multifamily #WorkforceHousing #ClassBMultifamily #RealEstateInvesting #ApartmentInvesting #RentGrowth #SunBelt #Austin #Phoenix #Tampa #Houston #MarketUpdate #RealEstate2026 #InvestorTips #OccupancyRates #CashFlow #PropertyInvesting #MultifamilyInvesting

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This episode is 3 minutes long.

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This episode was published on February 19, 2026.

What is this episode about?

Welcome back to What's Hot What's Not C.R.E. — your daily pulse on commercial real estate in America. It's Thursday, February 19th, 2026. Today — the multifamily class war: A vs B vs C. 🔥 What's Hot — Class B Workforce Housing Wins: Class B...

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