Houston Real Estate Trends is widely read by brokers, developers and other industry professionals. The newsletter covers significant transactions and economic and financial news for Multifamily, Retail, Office, Industrial, Single-family and Vacant land.
Apartment market occupancy in the Greater Houston area stood at 91.98% in April 2014, a decrease of 0.13% compared to the previous month, according to www.oconnordata.com, O’Connor & Associates data. Overall rents stood at $0.965 per square foot, which represents an increase of 0.003 per square foot compared to March 2014. Average rental rates per unit stood at $833.83, an increase of $2.32 per unit over the previous month. Pre-leasing is currently underway in 25 communities (7,924 units) out of the 71 total properties (20,147 units) in the construction pipeline city-wide.
Read more...Houston Real Estate Trends - May 2014
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