With tremendous job growth and surprisingly moderate apartment construction (by Texas standards, at least), Houston’s apartment market continues to put up impressive numbers. In fact, Houston notched long-term highs in both occupancy in and in rent growth during 2014’s 2nd quarter.
Occupancy in the Houston apartment market hit a 13-year high during Q2 2014, jumping 80 basis points to 94.4%. More impressively, year over year rents reaccelerated in the second quarter, rising to 5.6%, a number not seen in the 20 years MPF Research has been tracking the metro.
Read more...Apartment Fundamentals Soar to Long-Term Highs in Houston | Property Management Insider
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.