ApartmentData.com also looked at rental rate growth and absorption in 21 Charlotte-area submarkets during the past three months to determine those segments of the market that are “hottest”.
Charlotte Business Journal (September 17, 2019) - Read The Full Article
Three separate national trackers of rental prices show local rents this month are higher — in varying degrees — when compared to a year ago.
Charlotte Business Journal (September 14, 2019) - Read The Full Article
Despite protests from some North Texans against plans to approve additional multifamily construction in suburban communities, data … Read More
Dallas Business Journal (September 8, 2019) - Read The Full Article
Following the storm, the average apartment rent across the nine ZIP codes that make up Spring and Klein jumped from $956 in June to $981 in September and continued to climb for nearly one year, according to ApartmentData.com, a site that tracks occupancy and rental rates. In July of this year, the number hit $1,031
Houston Community Impact (August 20, 2019) - Read The Full Article
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
Rental rate growth and occupancy are holding steady across Dallas-Fort Worth, especially in light of the number of apartments that have opened in the past year, according to a new report by ApartmentData.com.
Occupancy at DFW-area apartments reached 91.8 percent percent in July, according to the company.
Houston Business Journal (August 9, 2019) - Read The Full Article
Many of the apartments are in the west side of the city, off Shadow Creek Parkway or Hwy. 288. That area is a good corridor in to the Texas Medical Center as well, according to Apartment Data Services President Bruce McClenny.
Houston Community Impact (August 1, 2019) - Read The Full Article
New figures from ApartmentData.com show that many Northwest Austin residents pay higher rents than the metrowide average.
Data shows about half of area renters pay more for a two-bedroom unit than; however, rents for one-bedroom units are lower than the metro average.
Houston Community Impact (August 1, 2019) - Read The Full Article
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
A separate report from Houston-based ApartmentData.com showed a similar pattern in rent growth, with area rents rising 0.7 percent year-over-year in July.
Houston Chronicle (July 20, 2019) - Read The Full Article
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
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
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
In the past 12 months, 11,583 apartments were absorbed in the Houston area according to ApartmentData.com. That roughly matches the 11,491 apartments units that opened during the period.
Houston Chronicle (July 18, 2019) - Read The Full Article
Job and population growth are the main drivers of the apartment demand in Katy, ApartmentData.com President Bruce McClenny said. Employment expansion is supported by an increasing number of healthcare, energy and service jobs in Katy. Rising home values, high household income and a top-rated school district also make the submarket appealing. “It fits into the bigger Houston narrative,” McClenny said. “People are moving here in greater quantities. Houston is turning the corner of the economic slowdown in the oil downturn and is getting through [Hurricane] Harvey. Katy has always been a leader in the area and is continuing to do so.”
Houston Business Journal (July 11, 2019) - Read The Full Article
As the Magnolia area and Montgomery County grow, the demand for housing grows too, Thude-Speckman said.
Latest census data shows 63,175 people lived in Magnolia ZIP codes 77354 and 77355 in 2017—a 10.12% increase since 2013, according to the U.S. Census Bureau.
“We will see more home development in Magnolia in the next few years, even more so than we’ve already seen,” said Lawrence Dean, the Houston regional director for Metrostudy. “That’s where the development has to go as the growth comes west of The Woodlands and north of Tomball, because what’s right there? It’s Magnolia.”
Houston Community Impact (July 8, 2019) - Read The Full Article
The potential for multifamily redevelopment is great as most of the Alief submarket is made up of Class-B and Class-C assets, but ApartmentData.com President Bruce McClenny said the changes have been slower and less apparent.
Houston Business Journal (June 21, 2019) - Read The Full Article
Apartment occupancy appears to have finally started catching up with new deliveries in San Antonio, as May’s occupancy rate reached nearly its highest mark in years, according to ApartmentData.com.
Houston Business Journal (June 18, 2019) - Read The Full Article
“Combining a Starbucks, a coffee shop, a restaurant, a grocery store or a hotel within or adjacent to an apartment building adds value, convenience, walkability and a unique experience for renters,” ApartmentData.com President Bruce McClenny said.
Houston Business Journal (June 14, 2019) - Read The Full Article
On top of that, the Montrose-Museum District-Midtown market has 2,000 units of multifamily under construction and another 4,000 proposed, according to an ApartmentData.com report.
Houston Community Impact (June 13, 2019) - Read The Full Article