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
For 2019, the property at 720 W. 26th was valued at $2.8 million, according to the Harris County Appraisal District.
Slate Heights is a proposed luxury multifamily community of 287 units, according to ApartmentData.com.
Houston Community Impact (June 13, 2019) - Read The Full Article
“That zone is a wonderful place to be with so much walkability,” said multifamily analyst Bruce McClenny.
Houston Chronicle (June 13, 2019) - Read The Full Article
One new project bucks that trend: Oden Hughes LLC recently broke ground on 380 apartments and townhomes in this Houston suburb.
Globe Street (June 13, 2019) - Read The Full Article
Multifamily occupancy across the Houston region is 90.2 percent, ApartmentData.com said, a slight uptick over a year ago, and developers are actively building 68 complexes and 100 more are planned.
Houston Chronicle (June 13, 2019) - Read The Full Article
Rents in the Houston market average $1,039 per month, according to ApartmentData.com. That’s up from an average of $924 in 2014 when the portfolio last changed hands.
Houston Chronicle (June 13, 2019) - Read The Full Article
The entire DFW apartment market now hovers at a 91.5% occupancy rate, with the average price per month hitting $1,136, ApartmentData.com said in its June report.
Business Journal (June 13, 2019) - Read The Full Article
Meanwhile, the average rental price for all units in the area, according to ApartmentData.com, was $1,007 per month in 2018—or more than $12,000 a year, which is nearly half the annual income of $24,999.
Community Impact Inner Loop Houston (May 13, 2019) - Read The Full Article
“I get the sense that we still have more to build into this cycle,” Bruce McClenny, president of ApartmentData.com, said of Houston’s apartments under construction. “I get the sense that we still have more to build into this cycle,” McClenny said.
Houston Business Journal (May 10, 2019) - Read The Full Article
The complex is 92.5 percent occupied, which compares with a rate of 90 percent for the Houston market, according to ApartmentData.com.
Houston Chronicle (May 10, 2019) - Read The Full Article
Before the early 2000s, Washington Avenue was home to a busy distribution hub—a reliable workhorse in Houston’s economy, a place where things passed through.
Community Impact Inner Loop Houston (May 8, 2019) - Read The Full Article
While we’re still early in the year, San Antonio’s apartment numbers are looking strong, thanks in part to the absorption of nearly 1,000 units in March and steady rental rate growth.
San Antonio Business Journal (April 9, 2019) - Read The Full Article
Houston-based Allied Orion Group is back in the apartment acquisitions business, starting with the purchase … Read More
Midland Reporter-Telegram (April 5, 2019) - Read The Full Article
In the first quarter of the year, rent rates grew faster on the west side … Read More
Houston Business Journal (April 3, 2019) - Read The Full Article
Construction has begun on residential units at Katy Boardwalk District, a 169-acre, mixed-use development on … Read More
Community Impact (March 28, 2019) - Read The Full Article
