Robust demand over the past several years created an urban renaissance for Class A renters as developers aimed to keep pace with new product — and Houston is now seeing the result as these deliveries arrive on-line — just in time as job growth has slowed, albeit only for the time being.
Houston saw an additional 3,000 units break ground in 3Q 2015, up from 2Q 2015 and 56 percent of the units presently under construction are expected to deliver within six months and in 2016 Houston will continue to see a high number of deliveries with approximately 17,000 units slated to deliver.
Read more...CBRE Houston multifamily on-line, just in time 3Q 2015
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