Oct 7, 2016
Lake Houston ‘multiplies multifamily market’
LAKE HOUSTON - Rental rates in the area continue to level off as the Houston region deals with the ongoing oil and gas downturn.However, apartment developers are moving forward with...
LAKE HOUSTON – Rental rates in the area continue to level off as the Houston region deals with the ongoing oil and gas downturn.
However, apartment developers are moving forward with the construction of new properties in the area as they anticipate future population growth and demand.
About 5,000 new apartment units are projected within the boundaries of Humble ISD between 2015 and 2025, according to a study by demographics firm Population and Survey Analysts.
Despite energy sector struggles, in the past three months, rental prices in the Lake Houston area have risen by 3.1 percent.
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