Aug 7, 2018
Downtown Houston apartment occupancy up
HOUSTON – Downtown has over 8,000 residents, up from 3,800 in 2012 when the city began its Downtown Living Initiative, says a Central Houston organization report. Downtown apartment occupancy grew 11...
HOUSTON – Downtown has over 8,000 residents, up from 3,800 in 2012 when the city began its Downtown Living Initiative, says a Central Houston organization report.
Downtown apartment occupancy grew 11 percent over the year, hitting 70 percent occupancy. Around 600 units are under construction in the area.
Across the city, 38 apartment communities totaling 10,207 units are under construction, according to a Transwestern report. An additional 65 multifamily projects with 18,238 units are proposed.
The citywide occupancy rate is 89.9 percent, reports Transwestern.
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