College Station’s average rent fell by 1.7 percent in last year, the fifth biggest drop in the U.S.

RENTCafe‘s Apartment Market Report for January shows that the average rent in College Station declined by 1.7 percent since January 2018, the fifth largest drop in the country. The number was the second biggest decline among small cities.

Nationally, the average rent rose by 3.3 percent in the last year.

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The National Average Rent Stagnated in January

 

 

Milken names B-CS best-performing small metro in Texas

The Milken Institute, a non-profit think tank located in California, has rated the College Station-Bryan as the best performing small metro in Texas for 2018. The B-CS area ranked No. 22 nationally. The only other small Texas metros in the top 100 are Sherman-Denison (47), Tyler (65), Midland (67) and Amarillo (95).

The Milken Institute’s Best-Performing Cities index provides an objective benchmark for examining underlying factors for and identifying unique characteristics of economic growth in prosperous regions. The index uses an outcomes-based set of metrics such as job creation, wage gains, and technological developments to evaluate the relative growth of metropolitan areas.

2018 Best Performing Cities: Where America’s Jobs are Created and Sustained

Growth focus of Chamber’s annual economic outlook conference

“Cautious optimism” was the overall forecast for the local economy given Wednesday during the Bryan-College Station Chamber of Commerce’s annual Economic Outlook Conference.

Leaders in education, local government, economic development and tourism touted the new jobs, schools, businesses, housing and other markers of growth the area has seen in response to the climbing population, thanks in no small part to enrollment numbers at Texas A&M University. Keynote speaker Jim Gaines, chief economist for the Texas Real Estate Research Center at A&M, told the crowd at the College Station Hilton that he expects 2018’s growth pattern will continue into 2019.

Read the complete article in The Eagle

 

Monthly Metrics show B-CS economy continues to perform well

The Bryan-College Station area’s economy continues to hum along, according to an index that measures a number of economic factors and metrics.

The metro area’s unemployment rate, at 2.9 percent, is tied for the lowest rate of the century in the rapidly growing region. Employment has neared an all-time high of about 120,000 jobs

The College Station-Bryan Business-Cycle Index, released monthly by Texas A&M University’s Private Enterprise Research Center (PERC), attempts to reflect the current state of the economy.

Read the complete article in The Eagle

 

Booming Eagle Ford is helping some Texas oil workers skip a 450-mile trek to Permian Basin

CALDWELL, Texas (AP) — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby.

The Houston Chronicle reports he left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from the grueling 450-mile trip he made every couple of weeks to visit his family, whom he missed dearly.

Today, however, he wakes up in his own bed each morning and heads to a job operating oilfield services trucks in the northeastern Eagle Ford, just 30 miles away.

The Houston oil company WildHorse Resource Development is targeting the northeastern section of the shale, near College Station, where it holds 400,000 acres and has five rigs operating.

Read the full story on dallasnews.com.

College Station is nation’s sixth-fastest growing city

To determine where the most rapid local economic growth occurred over a period of seven years, WalletHub compared 515 U.S. cities across 15 key metrics. The dataset ranges from population growth to college-educated population growth to unemployment rate decrease. In addition, they produced a separate ranking by city size.

College Station ranks 6th overall and 4th in terms of midsize-city growth. Read more

College Station ranked among top U.S. cities for empty-nesters

By Julia Campbell, Move.org

College Station has a lot going for it, like Texas A&M University and the famous George Bush Presidential Library and Museum. Maybe that’s why this college town compelled 12,035 people between the ages of fifty to sixty-five years old to move into its boundaries in 2017. Read more

Prochazka named director of Planning & Development Services

Prochazka

Jennifer Prochazka will be the next director of College Station’s Planning & Development Services Department, Interim City Manager Jeff Capps announced Friday.

Prochazka has been with the City of College Station for 18 years. She has served as the city’s economic development manager since 2016, but held a variety of positions in long-range planning and development prior to that:

  • 2011-2016:    Principal Planner
  • 2005-2011:    Senior Planner
  • 2002-2005:   Staff Planner
  • 2000-2002:  Planning Intern

In addition to her work with the city, Prochazka has been an adjunct economic development specialist for Texas A&M Engineering Extension Service, or TEEX, since 2015.

“Jennifer has a wealth of experience in municipal planning and economic development, and she’s done a phenomenal job in every role she’s served with the city,” Capps said.

Prochazka earned a bachelor’s degree in environmental design and a master’s degree in urban planning from Texas A&M University, and holds numerous certifications and professional affiliations. She begins her new role on Oct. 1.

The College Station Planning & Development Service Department is currently comprised of more than 40 employees, including the city engineer, building officials, greenways, transportation, land development and long-range planners. The department has a Fiscal Year 2018 budget of $4.3 million.

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Economist: Numbers for Bryan-College Station area remain strong

People are spending their money, staying in hotels and buying things such as cars and houses in Bryan-College Station — all indicators that point toward a healthy local economy.

Karr Ingham, an Amarillo-based economist who spoke to attendees at the Bryan/College Station Chamber of Commerce’s economic outlook briefing Wednesday, said the area has experienced an “extraordinary” economic expansion since 2011. General spending, home sales activity, employment and other indicators Ingham uses to prepare the local economic index sponsored by Commerce National Bank are currently at or near record levels, he said, and growth will likely continue moving into 2019.

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