Houston multifamily deliveries still fallingHouston multifamily deliveries still fallinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=214462018-11-15T06:00:00Z2018-11-16T01:00:00Z

Marcus & Millichap demographic highlights

HOUSTON – Local multifamily deliveries remain on a downhill slide for a second consecutive year as 12,600 units are expected to come online in 2018.  This is below the 19,400 units delivered last year.

According to Marcus & Millichap, the metro's expected positive absorption of 7,700 units this year will be outweighed by supply additions. Vacancy will rise to 6.4 percent following last year's 200-basis-point fall.

Following a 6.7 percent advance during 2017, the average effective rent will rise 2.9 percent to $1,103 this year. 
Marcus & Millichap
Houston-The Woodlands-Sugar Land

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