In this episode of the Texas Land Guys Podcast, brothers Tim and Tom Dosch welcome their partner Tripp Rich from the brand new Austin studio. Kicking off the first quarter of 2026, they take a deep dive into the Texas land market across the Triangle, including Houston, Dallas, and Austin. They call it “2025, 2.0,” a continuation of the same tough conditions we saw last year.
The trio cuts through all the noise, including interest rate swings, geopolitical uncertainty, and macroeconomic headwinds, to give a real look at what’s actually closing. They break down how different asset classes are performing, from multifamily and retail to industrial, single-family, and office, showing why only the best sites are attracting buyers. Some properties are hitting record prices while others just sit idle, leaving landowners scratching their heads.
From Houston and Austin’s oversupply of multifamily units to the surprising resilience of retail and the game-changing potential of Elon Musk’s Terrafab project in Central Texas, this episode gives you a clear, data-backed snapshot of the market and what’s coming next.
Whether you’re a landowner, developer, or investor, Tim, Tom, and Tripp share insights on what it really takes to get deals done in today’s environment
Key Takeaways
- 2026 is off to a slow start, with the market feeling like a continuation of 2025 rather than a rebound. Capital remains tight, and uncertainty is still holding deals back.
- There is a clear flight to quality. Strong, well-located sites are getting attention and pricing, while average deals are struggling to generate interest.
- Multifamily is split across markets. Suburban supply is high in Austin and Houston, but well-positioned infill developments are starting to gain traction again.
- Retail is showing real strength. Demand is high, and top sites are seeing multiple offers after years of underdevelopment.
- Industrial demand remains strong overall, though activity is shifting depending on the market and type of site.
- The Terrafab project east of Austin could have a long-term impact, bringing jobs and driving new residential and industrial growth.
- Office properties are beginning to transition, with more attention on multifamily conversions despite the challenges involved.
- Landowners are facing a tougher reality. In some cases, pricing alone is not enough, and certain sites simply are not moving in today’s market.
In This Episode:
- [00:00] Introduction
- [00:28] Welcome to the new Austin studio
- [01:40] Q1 2026 market overview – 2025 2.0?
- [04:15] Houston multifamily trends and suburban vs. infill pricing
- [05:30] Supply pipeline and future delivery expectations
- [08:26] Meaning of a “hard” land market
- [10:50] Central Texas (Austin) perspective with Tripp Rich
- [14:56] Renewed interest in urban infill wrap sites
- [16:57] Rent comparisons across Houston, Dallas, and Austin
- [20:17] Retail strength and data center boom in Central Texas
- [25:43] Elon Musk’s Terrafab project and massive AI implications
- [30:06] Residential and mixed-use growth east of Austin
- [32:47] What’s actually closing in Q1 across the markets
- [36:19] Houston deal activity and industrial pricing surge
- [39:39] Land pricing trends – good sites still command strong numbers
- [41:10] Office conversions and redevelopment opportunities
- [44:01] Closing remarks and teaser for Part 2
Resources and Links
Podcast
Tripp Rich
- https://www.linkedin.com/in/tripp-rich-52b35b60
- https://dmre.com/
- https://ascentinv.com/
- https://100xharvest.org/
Tom Dosch
- https://www.linkedin.com/in/tom-dosch-37263b3b/
- https://dmre.com/
- https://ascentinv.com/
- https://100xharvest.org/
Tim Dosch
