In the first half of the year, renters occupied an additional 10,000 units in the Houston metro, exceeding so-called absorption during all of 2018, commercial real estate firm JLL said in a midyear report. Occupancy has inched up to 90.2 percent, compared with 89.6 percent at the beginning of the year.
Experts attribute the market's improvement to a growing economy.
This Houston market ranked No. 3 (after Dallas/Ft. Worth and Chicago) on a list of cities with the the most multifamily demand, a study from real estate data firm RealPage shows.
Read more...Houston's apartment market seeing demand surge - Houston Chronicle