Some 65 apartment communities totaling more than 17,000 units are under construction across the Houston region, according to ApartmentData.com, a Houston-based apartment market research firm and division of MRI Software.
Houston Chronicle (December 1, 2022) - Read The Full Article
Apartment costs have followed a similar trend, with DFW seeing an annual increase of 12.5% in October. Rent growth in Houston, Austin and San Antonio was between 8% and 9.5% in the same period, according to ApartmentData.com.
BISNOW Dallas-Fort Worth Real Estate News (December 1, 2022) - Read The Full Article
At Prose Westover Hills, another Prose property on San Antonio’s Far West Side managed by South Carolina-based Greystar Properties, rental rates are between $1,300 and $1,800, above the current median rate of $1,216 per month in San Antonio, according to ApartmentData.com.
San Antonio Business Journal (December 1, 2022) - Read The Full Article
Over the past 12 months, 18 communities representing 5,196 units have been built, according to ApartmentData.com’s November report.
Jacksonville Daily Record (November 29, 2022) - Read The Full Article
Some 65 apartment communities totaling more than 17,000 units are under construction across the Houston region, according to ApartmentData.com, a Houston-based apartment market research firm and division of MRI Software.
Houston Chronicle (November 29, 2022) - Read The Full Article
Over the past few years, Atlanta has experienced steep hikes in apartment rents and home prices. Most renters in the metro area now pay above $1,600 per month, more than 25% higher than two years ago, according to ApartmentData.com. The average rent for an apartment in Intown Atlanta is closer to $2,000 per month. Homeownership in every metro Atlanta county is unaffordable, according to the Federal Reserve Bank of Atlanta.
Atlanta Business Chronicle (November 22, 2022) - Read The Full Article
Kajani could not provide an estimated rental range but said the apartments will have an emphasis on affordability and be close to market rates. The average monthly rent in the Lake Houston/Kingwood area is currently $1,387, according to ApartmentData.com.
(November 21, 2022) - Read The Full Article
While overall apartment occupancy in the neighborhood is down slightly from a year ago, new buildings are attracting tenants. The newest and nicest apartments, known as Class A, have fared better as high home prices and rising interest rates have pushed some would-be buyers into rentals, said Bruce McClenny, a senior director with MRI Software, parent company of ApartmentData.com.
Houston Chronicle (November 8, 2022) - Read The Full Article
Apartment occupancy dropped for the third consecutive month, coming in at 90.7% in October, according to ApartmentData.com’s November report. This represents a downward trend since April, when occupancy rates were at 91.7%, Community Impact reported.
BISNOW (November 3, 2022) - Read The Full Article
After more than a year of steady increases, apartment rental rates in Houston are starting to cool off as occupancy rates dip, according to the most recent data from ApartmentData.com, which compiles data based on market surveys in Houston and other U.S. cities.
Community Impact (November 2, 2022) - Read The Full Article
In September, the median home price in metro Atlanta was $400,000, 12% higher than the same month in 2021, according to First Multiple Listing Service. The average asking rent for an apartment hovers around $1,650 per month, almost 30% higher than two years ago, according to estimates from ApartmentData.com.
Atlanta Business Chronicle (October 28, 2022) - Read The Full Article
While there are more than 16,000 apartment units under construction in the Nashville area, there are nearly 34,000 more units proposed, according to October counts by ApartmentData.com.
The Tennessean (October 25, 2022) - Read The Full Article
At 91.8% occupancy, the Dickinson/Galveston apartment submarket is doing slightly better than Greater Houston overall. The submarket includes 12,741 units in 157 properties, according to ApartmentData.com, and the average monthly rental rate is $1,157 — significantly lower than the Greater Houston average of $1,261.
Houston Business Journal (October 20, 2022) - Read The Full Article
But now, with the eviction moratorium over and no more rent relief money available, families making low wages are facing surging rental costs and limited apartment availability. The cost of housing has increased nationwide but is particularly acute in Dallas-Fort Worth. In the Metroplex, average rent increased 18.8% last year, according to ApartmentData.com.
Fort Worth Star-Telegram (October 18, 2022) - Read The Full Article
Checking ApartmentData.com, the available choices in Denton are still pretty expensive. For anything built in 2010 or later, you’re currently looking at $1,300 per month or more for a decent one-bedroom apartment. A two-bedroom, two-bath will likely set you back $1,600 or more in monthly rent. There is more new supply coming to the market, but rents have been sticky this year.
Denton Record-Chronicle (October 18, 2022) - Read The Full Article
Houston-area rents were up 9 percent this September from the September before — and 20 percent higher since the September before the pandemic — according to the multifamily research company ApartmentData.com. The rising rents come at the same time surging inflation has eaten into paychecks.
Houston Chronicle (October 14, 2022) - Read The Full Article
The multifamily industry, widely held as the regional darling of CRE, has seen rental rate growth steadily decline since June, according to ApartmentData.com. And while still significantly above its historical average, the company predicts that annualized rent rate growth of 13.8% is expected to drop to somewhere around 8% by the end of the year.
“2023 is shaping up to be a year when flat [growth] might be considered a win,” ApartmentData.com President Bruce McClenny said in a statement. “Recall that 2021 was a year that pushed through at least three years of growth.”
BISNOW Dallas-Fort Worth (October 14, 2022) - Read The Full Article
“In 2022, rents are starting to flatten out in Raleigh and Charlotte,” says Cindi Reed director of sales for Houston-based ApartmentData.com, from MRI Software.
Southeast Multifamily & Affordable Housing Business (October 13, 2022) - Read The Full Article
The average asking rent for an apartment in the area around Sandy Springs and Dunwoody now hovers around $1,800 per month, about $200 higher than the average for all of metro Atlanta, according to ApartmentData.com. In August, the median sales price for a Sandy Springs home was $522,750, which represents year-over-year growth of 11%, according to Redfin.
Atlanta Business Chronicle (October 10, 2022) - Read The Full Article
Apartment occupancy appears to have plateaued in DFW, according to the October Market Line report from ApartmentData.com.
WFAA 8 ABC (October 8, 2022) - Read The Full Article