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Texas Class-B occupancy rates get A+Texas Class-B occupancy rates get A+https://www.recenter.tamu.edu/news/newstalk-texas/?Item=105222015-09-11T05:00:00Z

​​HOUSTON – According to a CBRE report, Class-B multifamily units have an occupancy rate of nearly 95 percent in the state's major metros, while Class-A occupancy has slipped to 86.8 percent.

In Houston, Class-B occupancy is at a record high.

Because of high land costs, experts say building a Class-B complex is not a viable option. The supply is further tightened as old buildings are torn down to make way for new Class-A towers.

Additionally, around 541,000 people moved to Houston between 2010 and 2014.

Realty News Report
Texas
Multifamily
http://realtynewsreport.com/2015/09/09/texas-apartment-report-card-class-b-at-record-high-occupancy-rates/Read more at {Source}

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