Transwestern: Houston multifamily MarketWatch March 2015Transwestern: Houston multifamily MarketWatch March 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12802015-04-14T10:15:00Z2015-04-14T08:50:00Z

HOUSTON - Transwesten released the March 2015 MarketWatch for Houston multifamily. The report also contains recent sales, sales statistics and submarket overviews. The chart below shows monthly statistics for the Houston MSA.

Monthly Multifamily Statistics Houston
Category Feb. 2015
Occupancy 91.2%
Price ($/Mo) $933
Rental rate ($/SF/Mo) $106.4
Average size (SF) 877
Number of communities 2,557
Number of units 590,879
Under construction (units) 28,212
Units absorbed (past 12 months) 15,912
% Offering concessions 25%
Average concession package 5.3%

Source: Apartment Data Services Inc.

Click to see Transwestern's full report.

For more Multifamily statistics, see Houston Market Research.

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