Bruce McClenny, the senior director of ApartmentData.com, a Houston-based market research firm, said the city’s status as the fourth-largest in the U.S. likely contributed to its high ranking in the RentCafe report. McClenny said he also projects the Houston region to have about 17,000 new apartments delivered during 2022, but he described that as a typical number for a metropolitan area that added about 20,000 units during each of the last two years.
Houston Public Media (October 7, 2022) - Read The Full Article
Decatur and surrounding neighborhoods have experienced steep rent hikes. Between June 2017 to June 2022, the average asking rent for an apartment in the area grew by more than 54%. (Source: ApartmentData.com)
Atlanta Business Chronicle (October 7, 2022) - Read The Full Article
Apartment occupancy appears to have plateaued in DFW, according to the October Market Line report from ApartmentData.com.
Dallas Business Journal (October 7, 2022) - Read The Full Article
According to data from ApartmentData.com, rent in Dallas-Fort Worth increased by an average of:
18.8% during 2021
14.4% between August 2021 and August 2022
11.7% between May and August 2022
Among big Texas metros — Dallas-Fort Worth, Houston, Austin and San Antonio — rent growth is highest in DFW.
Fort Worth Star-Telegram (October 3, 2022) - Read The Full Article
Over the past few months, rental rate growth has also begun to cool. The three-month trailing average at the end of August was 11.7%, which is significantly lower than the 19% average growth seen during 2021, but still much higher than the long-term average of 6%, according to ApartmentData.com.
BISNOW Dallas-Fort Worth (October 3, 2022) - Read The Full Article
As of September, the average asking rent in Midtown hovered around $2,200, about 33% higher than the rest of metro Atlanta, according to estimates from ApartmentData.com.
Atlanta Business Chronicle (September 28, 2022) - Read The Full Article
According to ApartmentData.com, the average rent for an apartment in Nashville in August 2022 is $1,615 per month. That’s up $4 from the July 2022 average, which means a slower rate hike.
The Tennessean (September 25, 2022) - Read The Full Article
Owners, saddled with their own heightened expenses, began charging more per unit, causing rent growth to hit nearly 19% last year, far exceeding the long-term average of 6%, ApartmentData.com President Bruce McClenny said.
Bisnow Dallas-Fort Worth (September 23, 2022) - Read The Full Article
The area apartment market has also been strong, with 1,465 recently opened new apartments in the Conroe/Montgomery submarket, according to ApartmentData.com. While rent in Conroe is lower than in some places closer to Houston, the Conroe submarket saw average rent grow 22% year over year to $1,183 in December 2021.
Houston Business Journal (September 18, 2022) - Read The Full Article
Houston apartment rents have been on the rise, gaining 5 percent over the year in the Montrose/Museum/Midtown submarket, according to ApartmentData.com, a Houston-based market research firm. The submarket experienced a 5.3 percent occupancy gain over the last year.
Houston Chronicle (September 16, 2022) - Read The Full Article
According to a report from ApartmentData.com, the average cost for rent in San Antonio is $1,220 a month.
KSAT.com (September 16, 2022) - Read The Full Article
Close to Buford, Hamilton Mill is predominately known for subdivisions with single-family homes. The average apartment in the area around Duluth, Suwanee and Buford now rents for about $1,700 per month, according to ApartmentData.com. That’s slightly higher than the average for all of metro area, but it’s less costly than the average asking rent in sought-after Intown Atlanta neighborhoods.
Atlanta Business Chronicle (September 15, 2022) - Read The Full Article
Chartwell isn’t the only firm in Nashville investing in apartments. As the city’s population continues to boom, developers see multifamily as a relatively safe investment. Across the Greater Nashville area, 15,400 units are under construction and 32,876 units have been proposed, according to ApartmentData.com.
Nashville Business Journal (September 13, 2022) - Read The Full Article
More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
KHOU (September 3, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
25 ABC KXXV (September 2, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
Fort Worth Business Press (September 1, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
The Texas Tribune (September 1, 2022) - Read The Full Article
The market has also seen rental rate growth of 15.4% over the last year, according to a market report from ApartmentData.com.
Nashville Business Journal (August 30, 2022) - Read The Full Article
Starling is one of seven apartment complexes currently under construction in the submarket Houston-based ApartmentData.com defines as Bear Creek/Copperfield/Fairfield, which includes much of the U.S. 290 corridor from Jersey Village to Waller.
Houston Business Journal (August 26, 2022) - Read The Full Article
But with the average rent in the Alamo City topping $1,220 a month in July, according to ApartmentData.com, and inflation near a 40-year-high, low-income students in San Antonio and beyond are disproportionately overburdened by rising living costs.
San Antonio Current (August 25, 2022) - Read The Full Article
