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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

Austin rents are back on the rise, leading US tech hubs

Bruce McClenny, president of ApartmentData.com, attributed Austin’s recent rental market recovery to a combination of factors: job growth powered by companies such as Tesla, Oracle and Samsung; relocations; and an increasingly pricey housing market. “Austin’s home market is probably hotter than ever,” he recently told Austonia. “That has to play into the rental market right now.

Austonia (May 26, 2021) - Read The Full Article