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In the first quarter of the year, rent rates grew faster on the west side of Pearland than any other submarket across town, an April 2019 report from Houston-based ApartmentData.com showed.

The report looked at a combination of rental rate growth and occupancy over the past three months and attributed the Highway 288 South/Pearland West submarket with a 12.7 percent annualized growth from January through March.

ApartmentData.com uses the annualized rate as a metric to see if rents are moving faster or slower than the 12-month trend, said Bruce McClenny, president of the data website that tracks the multifamily industry.

Publication: Houston Business Journal

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