A new report released by Jones Lang LaSalle shows that multifamily in Houston is a smart investment.
While Houston ranks third in the nation for the number of units projected to be constructed by 2017 and second in units to be absorbed in 2017, there will not be a shortage of tenants to fill those units as Houston’s rental and occupancy rates lead most of the country, according to JLL.
A national study by JLL predicts 30,000 units will be constructed by 2017, ranking Houston third in multifamily construction over the next three years, just behind Atlanta, which is projected to build just more than 35,000 million, and Dallas-Fort Worth, which is projected at just 40,000.
Read more...Houston one of top markets for multifamily rental, occupancy growth - Houston Business Journal
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