Recent data shows that apartment rents are increasing at the fastest pace on record in the Houston region, at the same time households are shifting from owning to renting.
CBRE, a Los Angeles-based real estate brokerage firm with offices in Houston, analyzed second-quarter data that rank Houston among the markets with a growing demand for multifamily developments. Others include Dallas, New York City, Los Angeles, Austin, Atlanta, Washington, D.C., Seattle, Denver, Orlando, Raleigh, N.C., Tampa, Fla., and Boston.
According to the firm, Houston’s multifamily market is seeing positive absorption, fast rent growth, plenty of new construction, and strong investor interest.
Read more...Houston rents increasing at the fastest pace on record, recent data shows - Prime Property
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