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Rising apartment rent continues to be trend in Houston region

The nation’s unemployment rate reached 4.8% in September, down from 7.8% in September 2020, according to the U.S. Bureau of Labor Statistics. This drop has fueled a demand for apartments, which is part of what has driven the rental rate increase in 2021, ApartmentData.com President Bruce McClenny said.

Houston Community Impact (October 19, 2021) - Read The Full Article

NY real estate firm expands Austin portfolio

Metro-wide apartment occupancy was at 92.7% in September, according to an ApartmentData.com report — roughly in line with historical trends, but more than 4 percentage points higher than the decade-low mark of 88.1% in 2020.

Austin Business Journal (October 19, 2021) - Read The Full Article

Deal Dash: New 12South development; Bell names owners; $1.2B transactions

Nashville’s apartment occupancy rate is 93.9%, according to a recent report from Market Line and ApartmentData.com. The hottest submarket over the last three months has been Germantown/Metrocenter, which has an annualized growth rate of 51%, the report says. Downtown/Gulch/SoBro is next on the list with a 50.3% annualized growth rate.

Nashville Business Journal (October 4, 2021) - Read The Full Article

On the multifamily side, apartment rents jumped by 7.7 percent over the year in July as occupancy reached 91.3 percent, according to ApartmentData.com.

Houston Chronicle (August 16, 2021) -

Apartment rents in Houston area rise at the fastest pace in years

That demand has pushed Houston’s apartment occupancy rate above 90 percent in May for the first time since 2019, according to ApartmentData.com, a multifamily market research firm. In June, occupancy had reached 90.7 percent. Higher-priced units in the city’s urban core, in particular, have recovered to pandemic-related vacancy levels.

Houston Chronicle (July 26, 2021) - Read The Full Article