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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...
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by
Realty News Report

​​​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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Written by
Realty News Report
Last updated
Mar 28, 2024

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