Wednesday, July 10, 2019

Houston's apartment market seeing demand surge via Houston Chronicle

In the first half of the year, renters occupied an additional 10,000 units in the Houston metro, exceeding so-called absorption during all of 2018, commercial real estate firm JLL said in a midyear report. Occupancy has inched up to 90.2 percent, compared with 89.6 percent at the beginning of the year.

Experts attribute the market's improvement to a growing economy.

This Houston market ranked No. 3 (after Dallas/Ft. Worth and Chicago) on a list of cities with the the most multifamily demand, a study from real estate data firm RealPage shows.

Read more...Houston's apartment market seeing demand surge - Houston Chronicle

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