In The News

As of May 13, just 123 units had been absorbed in North Texas, according to the latest numbers from ApartmentData.com.

Dallas Business Journal (May 22, 2020) - Read The Full Article

“San Antonio is more steady than any other market we look at,” said ApartmentData.com President Bruce McClenny. “You don’t have many highs, many lows, and it doesn’t have gyrations of other Texas markets that tend to overbuild.”

San Antonio Business Journal (May 21, 2020) - Read The Full Article

Apartment rent dropped 1.2% from March to April in the Austin area, according to ApartmentData.com. Rents went from an average of $1,314 in March to $1,297 in April.

Austin Business Journal (May 8, 2020) - Read The Full Article

“I think it’s significant. The rent portion of this spoke to me right off the bat. It’s usually positive this time of year,” said Bruce McClenny, president of ApartmentData.com.

Dallas Business Journal (May 2, 2020) - Read The Full Article

Between March 31 and April 21 Austin rents decreased 1.1% overall, according to a market report compiled by ApartmentData.com.

Austonia (April 28, 2020) - Read The Full Article

“If they haven’t broken ground, I’d expect a much longer delay. It just depends on where they’re at. If they’ve been permitted and financed, those will go forward. For developers, once you get so far, you can’t go back. You have to ride it out, but it’s really on a property-by-property basis,” said Bruce McClenny, president of ApartmentData.com.

Dallas Business Journal (April 9, 2020) - Read The Full Article

ApartmentData.com, which surveys multifamily properties in 12 southern markets, is seeing a similar trend.

“So far in April, with 35% of the properties having been surveyed already, we are beginning to see the decline in rental rates,” said Cindi Reed, director of business development at ApartmentData.com.

Austin Business Journal (April 9, 2020) - Read The Full Article

“All of this has happened in the month of March. It’s just a tsunami of economic consequences that are just unimaginable,” ApartmentData.com President Bruce McClenny said.

Business Journal (March 27, 2020) - Read The Full Article

Cindi Reed, southwest regional manager for ApartmentData.com, a marketing and data services company for the multifamily industry, said the Pflugerville/Tech Ridge submarket, along with Cedar Park, Leander and the East Riverside corridor, are among the areas seeing the most apartment construction.

Statesmen (March 5, 2020) - Read The Full Article

The company also analyzed concessions, or specials on rent. That analysis determined that the average discount from market or street rent in DFW is 5.3 percent, Bruce McClenny, president of ApartmentData.com.

Dallas Business Journal (March 5, 2020) - Read The Full Article

The next phase of the Residences at La Cantera being developed on the property by Cambridge Development and USAA Real Estate will be a senior-living community with 100 units, according to ApartmentData.com research.

San Antonio Business Journal (March 2, 2020) - Read The Full Article

More American renters than ever spend over a third of their income on rent and utilities. Bruce McClenny of ApartmentData.com says Houston has had some interesting events that have caused rent rates to rise. “[Hurricane] Harvey had a big impact on rental. It spiked up when people need places to live while they were out of their houses due to flooding.”

KPRC (February 19, 2020) - Read The Full Article

As of November 2019, Frisco was the hottest submarket in North Texas for apartment complexes under construction, according to ApartmentData.com. As of this month, there are nine apartment complexes currently under construction, totaling 2,660 units.

Dallas Business Journal (February 14, 2020) - Read The Full Article

In recent years, Houston’s multifamily market has often operated out of step with the rest of the country. Hurricane Harvey and the oil downturn created volatility that was largely unique to Houston, said ApartmentData.com President Bruce McClenny.

Houston Business Journal (February 3, 2020) - Read The Full Article

“Katy/Cinco Ranch/Waterside has always been a submarket that has been attractive to apartment development as well as single-family development,” Bruce McClenny, president of Houston-based ApartmentData.com, said.

Houston Public Media (February 3, 2020) - Read The Full Article

“From an apartment owner standpoint, you want to pull in a good quality resident. Those people have good, stable jobs, so it’s a win for both sides,” Bruce McClenny, president of Houston-based ApartmentData.com.

Houston Chronicle (January 29, 2020) - Read The Full Article

Despite apartment absorption falling short of December 2018 and 2017, 2019 ended on solid footing for the local market, which saw a slight rise in occupancy and rents along with positive absorption overall, according to ApartmentData.com.

Dallas Business Journal (January 13, 2020) - Read The Full Article

But ApartmentData.com projects that Houston rents will rise as much as 4 percent in 2020, above the area’s 20-year average annual increase of 3.2 percent. It said rent increases for older, more affordable apartment buildings will likely account for the lion’s share of that growth.

Houston Chronicle (January 8, 2020) - Read The Full Article

The project will add to the 2,702 residential units under construction in the Montrose/Museum/Midtown/Central Houston submarket, according to ApartmentData.com. Rental rates in the submarket are up 4.7 percent since last December, while occupancy has dropped by 1.7 percentage points to 87.6 percent as new buildings have come online, mostly in Midtown.

Houston Chronicle (December 23, 2019) - Read The Full Article

Average rental rates are higher in the Lake Houston/Kingwood submarket as more apartments are developed, Apartment Data Services President Bruce McClenny said.

Houston Community Impact (December 17, 2019) - Read The Full Article