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U.S. apartment demand ranks No. 1 hereU.S. apartment demand ranks No. 1 herehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=190942018-02-11T06:00:00Z2018-02-11T22:50:00Z

​​​​​​​​​​Houston was the nation’s leader for apartment demand in 4th quarter 2017 (4Q2017) as leasing activity following Hurricane Harvey drove up overall numbers. HOUSTON – Houston was the nation's leader for apartment demand in fourth quarter 2017 as leasing activity following Hurricane Harvey drove up overall numbers. 

Occupied units in the metro jumped by 13,755 in the final three months of 2017, according to ​a RealPage report dated Feb. 2, 2017.

Quarterly demand tally surpassed the regional totals for the West, Northeast, and Midwest. 

Houston contributed roughly a quarter of the nation's apartment demand in 4Q 2017. 

The submarkets absorbing the largest share of this rental housing migration were the Downtown/Montrose/River Oaks, Katy and Galleria/Uptown areas. 

The 4Q 2017 took the 2017 absorption tally to 28,837 units, the strongest nationally. 

Houston received 4,725 units in 4Q 2017 and 20,759 units annually. 

Rent growth was boosted to 2.3 percent in 4Q 2017 and 3.5 percent in 2017. 

Real Page
Houston-The Woodlands-Sugar Land
Multifamily
https://www.realpage.com/mpf-research/demand-surge-puts-houston-on-top-in-4q/

​RELATED: DFW tops nation for new apartments.

See also: Houston-The Woodlands-Sugar Land Multifamily Market Research. 

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