Houston apartments remain in a weakened position, due in large part to overall uncertainty in the job market and a surge of new construction adding supply, said Bruce McClenny, president of ApartmentData.com.
Houston Community Impact Newspaper (September 14, 2020) - Read The Full Article
A few months ago, ApartmentData.com President Bruce McClenny noted that the “months of March-April-May and into July are the months where we see more demand.
Realty News Group (September 10, 2020) - Read The Full Article
Throughout the last 12 months, the Northwest Side saw the most completed apartment complexes in the area with 1,699 units, followed by Stone Oak and its surrounding areas with 1,529 units, according to a separate report from Houston firm ApartmentData.com.
Houston Business Journal (August 31, 2020) - Read The Full Article
Throughout the last 12 months, the Northwest Side saw the most completed apartment complexes in the area with 1,699 units, followed by Stone Oak and its surrounding areas with 1,529 units, according to a separate report from Houston firm ApartmentData.com.
Houston Business Journal (August 28, 2020) - Read The Full Article
“The apartment industry as well as many others are still vulnerable to COVID-constrained demand,” says ApartmentData.com. “There are (in Houston) around 22,000 units in lease-up plus another 17,000 units under construction which will face challenging lease-up times.”
Realty News Report (August 28, 2020) - Read The Full Article
Since March, the average monthly rent in Austin has declined by about $37, or around 3%, according to a market report compiled by ApartmentData.com.
Austonia (August 21, 2020) - Read The Full Article
In July, Houston-based ApartmentData.com and Los Angeles-based CBRE reported that the average rent for an apartment unit in Houston fell by 1.3% last quarter and that citywide multifamily occupancy rate dropped 40 basis points, with higher-end developments taking the biggest hit.
Houston Business Journal (August 19, 2020) - Read The Full Article
Apartment rents have fallen 2.2% in Orlando since March 31 due to the pandemic, according to an ApartmentData.com
Orlando Business Journal (August 14, 2020) - Read The Full Article
“Housing is essential, but the amount of Class-A new supply in the pipeline will face challenging lease-up times,” ApartmentData.com President Bruce McClenny said in a statement.
Dallas Bisnow (August 14, 2020) - Read The Full Article
Despite that, apartments rents have dropped 3% or by $39 in the Austin area since March, according to the latest report from ApartmentData.com.
Austin Business Journal (August 11, 2020) - Read The Full Article
In Houston, the average rent typically goes up $5 to $7 a month, but since March, it dropped $5, according to ApartmentData.com.
Houston Chronicle (August 10, 2020) - Read The Full Article
“Absorption in June of 1,263 units is very respectable for any June and is the force behind the firming of rent in Classes B, C and D,” said Bruce McClenny, president of ApartmentData.com.
Houston Business Journal (July 27, 2020) - Read The Full Article
Bruce McClenny, president of ApartmentData.com, said April and May, especially, have so far been the toughest months for local apartment operators.
Charlotte Business Journal (July 27, 2020) - Read The Full Article
President Bruce McClenny said in a June 19 interview. “I think development is just driven by where people want to live and raise their families.”
Spring Community Impact Newspaper (July 15, 2020) - Read The Full Article
“There’s always a lot of new communities coming on into the Frisco area,” said Bruce McClenny, president of ApartmentData.com, which collects monthly data on leasing activity.
Frisco Community Impact Newspaper (July 15, 2020) - Read The Full Article
Since June of last year, 13 apartment complexes with 4,360 units opened in the Katy area, according to ApartmentData.com, a Houston-based company that performs market research on the multifamily industry.
Katy Community Impact (July 9, 2020) - Read The Full Article
The project will add to the nearly 21,000 units under construction across the Houston region, according to ApartmentData.com, a Houston-based apartment research firm.
Houston Chronicle (July 8, 2020) - Read The Full Article
Bruce McClenny, president of ApartmentData.com, said strong demand drove the market in June.
Dallas Business Journal (July 8, 2020) - Read The Full Article
The coronavirus pandemic shook up the Dallas-Fort Worth apartment sector, pushing average rents down 1.4% from March to June, according to ApartmentData.com.
Dallas Business Now (July 8, 2020) - Read The Full Article
“[In] Class D and C, there wasn’t as much activity there as I was expecting,” ApartmentData.com President Bruce McClenny said about rental price changes. “I am seeing those classes firm up a little bit more. Those are coming back as we get in the third phase of reopening.”
Dallas Business Now (June 25, 2020) - Read The Full Article
