The occupancy rate for Houston-area apartments turned higher in February after falling each month since August, when it was just above 90 percent, new data show.
“Winter months are typically slow and then all of a sudden things pick back up in February again,” said Bruce McClenny, president of Houston-based ApartmentData.com. Rental activity should continue to pick up through summer before the school year starts.
The occupancy rate for Houston-area apartments was 89.7 percent in February, slightly higher than the previous month, according to the data firm. The average rent for an 882-square-foot unit was essentially flat at $1,024.
Publication: Houston Chronicle