Amid strong job and population growth, the apartment market remains strong across all four of Texas’ major metro areas, according to CBRE’s 2Q 2014 Texas Multifamily MarketView.
Texas remains one of the nation’s leaders in new apartment construction. Almost 9,000 new units were delivered in 2Q 2014 across the four major metros and 59,916 units remain under construction.
The combined occupancy rate for Austin, Dallas-Fort Worth, Houston and San Antonio was 91.6 percent, an increase of 20 basis points from 1Q 2014.
Read more...CBRE 2Q 2014: Texas multifamily big four metros
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