Increasing Urban Core Completions Probably Won’t Derail Houston’s Apartment Sector via Property Management Insider

Houston’s apartment market is logging one of the country’s most impressive performance stories. While current occupancy of 93.9% still moderately lags behind the U.S. norm, that rate is 150 basis points or so above the area’s 20-year average. Annual rent growth for new leases registers at 4.4%, a top 10 performance among the nation’s biggest apartment markets.

Positioning Houston favorably during the immediate future, and perhaps a surprise to some, the metro actually doesn’t rank as an especially aggressive apartment construction center for the moment.

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