Jul 7, 2015
ARA multifamily overview 2015: Houston, DFW, SA, Austin
HOUSTON - All major Texas markets are above 91 percent occupancy and experiencing impressive rent growth according to ARA Newmark, who released the Houston Multifamily Overview report on April 30,...
HOUSTON – All major Texas markets are above 91 percent occupancy and experiencing impressive rent growth according to ARA Newmark, who released the Houston Multifamily Overview report on April 30, 2015.
In 2014, job growth in each market exceeded 3.1 percent and healthy job growth is projected in 2015.
| Houston | DFW* | San Antonio | Austin | |
| Total units | 594,243 | 632,002 | 165,000 | 188,266 |
| Average occupancy | 91.2% | 92.8% | 91.3% | 91.0% |
|
2015 Rent growth (T12** Apr. 2015) | 5.7% | 5.6% | 3.5% | 5.0% |
| 2014 Rent growth | 7.8% | 6.1% | 3.4% | 6.0% |
|
Absorption (T12** Apr. ’15) | 15,871 | 16,242 | 6,068 | 7,781 |
| Absorption (2014) | 15,918 | 14,277 | 5,804 | 7,513 |
|
Under construction (Apr. ’15) | 26,490 | 16,404 | 5,513 | 8,355 |
| Now leasing (Apr. ’15) | 20,406 | 16,138 | 5,267 | 11,039 |
| 2013 Job growth | 3.7% | 2.9% | 3.2% | 4.7 |
| 2014 Job growth | 3.4% | 3.5% | 3.2% | 4.1% |
|
2015 Job Y-O-Y (Feb. ’15) | 3.1% | 4.1% | 3.7% | 3.0% |
*Dallas-Fort Worth
**T12: trailing 12 months
See the full ARA Newmark Houston Multifamily Overview April 2015 (PDF) includes data from Austin, DFW and San Antonio in the report.
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