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Houston: CBRE multifamily 2Q 2015 MarketViewHouston: CBRE multifamily 2Q 2015 MarketViewhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105312015-09-14T05:00:00Z2015-09-22T13:00:00Z

​​​​​​​​​​​​​HOUSTON - Houston rental rates rose a very strong 6.8 percent from this time last year and are up 2.5 percent since first quarter 2015, according to CBRE’s Multifamily Market Marketview.

Houston’s overall occupancy continues to hold strong with occupancy at 91.4 percent in the second quarter, an increase of 30 basis points (bps) quarter-over-quarter.

Class B occupancy rates continue to dominate at 94.7 percent, whereas Class A occupancy rates are steady at 84.5 percent, including properties in lease-up.

The number of units under construction remains a robust 23,776 in 2Q 2015, slightly down from 25,766 in 1Q 2015.

Units delivered this quarter totaled 5,628, a 34.6 percent bump from 1Q 2015 deliveries.

Take a look at the CBRE 2Q 2015 Multifamily MarketView.

CBRE
Houston-The Woodlands-Sugar Land
Multifamily
http://www.cbre.us/research/Pages/local-reports.aspxSource: {Source}

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