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Houston multifamily rents, occupancy continue upwardHouston multifamily rents, occupancy continue upwardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=208212018-08-10T05:00:00Z2018-08-10T15:00:00Z

​​​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. 

CBRE
Houston-The Woodlands-Sugar Land
Multifamily
http://cbre.vo.llnwd.net/grgservices/secure/Houston_Multifamily_MarketView_Q2_2018.pdf?e=1533912612&h=e0e55392f35112d3455ec40dedaf7625Read more at {Source}

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