Houston multifamily rents, occupancy continue upward

​​​HOUSTON – Local multifamily occupancy continued its upward climb in second quarter 2018, hitting 89.9 percent, according to a CBRE report. 

The average rental rate was also up to $1.16 per sf. 

The net absorption (3,907 units) was nearly double the deliveries (1,987 units)​​, spurring the price and occupancy increases. 

As of the end of the quarter, 10,619 units are under construction.