Market SummaryKey metrics for the Houston area multifamily sector recorded positive changes in February.Overall occupancy recorded a slight upward change compared to January. Occupancy in Class A pr…
Market Summary
Houston Apartment Market Key Metrics
Occupancy
88.52%
Rent / Unit
$776.74
Rent / SF
$0.898
Monthly Change
+0.21%
Monthly Change
+$0.80
Monthly Change
–
Annual Change
+1.48%
Annual Change
+$8.44
Annual Change
+$0.011
Monthly absorption in Houston was positive 1,194 units while annual absorption (rolling twelve months) totaled positive 11,037 units. 6
,979 units are in the planning stage.
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