Tap To Call

Apartment occupancy nears 92% in July

Occupancy in July was 91.7%, up from 91.1% in June, according to the latest report by ApartmentData.com. Apartment occupancy has been near an all-time high for the last three months and continues to increase. The average monthly rent for an apartment increased by $8 in July, ending the month at $978 per month. The average rental rate now is now $1.15 per square foot.

San Antonio Business Journal (August 9, 2019) - Read The Full Article

Demand for multifamily units remains high in Katy area; more growth expected

Medical facilities, retail, great schools and economic growth make the Katy area a highly desirable place to live—even for young, single people who cannot afford homes—Apartment Data Services President Bruce McClenny said.

To meet this demand, developers are building multifamily complexes in the area. Since June 2018, four apartment complexes have opened in the Katy area, according to ADS data. Another 15 with about 5,000 units are under construction, and eight more are proposed.

Houston Community Impact (July 24, 2019) - Read The Full Article

5 Real Estate Trends to Know in Cedar Park and Leander in 2019

People are filling up apartment units in Leander and Cedar Park, causing rental rates to rise, according to data from Apartment Data Services, which provides information on multifamily properties.

The Cedar Park, Leander and Four Points submarket ranked the second-hottest submarket in the Austin area in June, according to ADS Southwest Regional Manager Cindi Reed.

Houston Community Impact (July 20, 2019) - Read The Full Article

Houston Rent Growth Slower Than In Other Texas Metros

Rent prices in Houston are growing the slowest among major Texas cities, according to new data.
At midyear, the average rent in Greater Houston climbed just 0.7% year-over-year to $1,045, according to ApartmentData.com.
That compares to an increase of 2.4% in Dallas/Fort Worth, 3.3% in San Antonio and 3.4% in Austin.
Bruce McClenny with ApartmentData.com said it still goes back to Harvey, which pushed up rents across Houston and ended an apartment glut.

Houston Public Media (July 20, 2019) - Read The Full Article

Apartment occupancy rises again as absorption drops

June’s occupancy rate rose 10 basis points to 91.1%, according to the latest monthly report by ApartmentData.com, despite month-to-month and year-over-year declines in the number of apartments absorbed — 342 in June compared with 842 in May and 1,007 in June 2018. Last June’s high number may have been the exception, considering that June 2017 saw 182 units absorbed and a occupancy rate of 90%.

San Antonio Business Journal (July 18, 2019) - Read The Full Article