Jun 26, 2015
Transwestern: Houston multifamily Market Watch June 2015
HOUSTON - Transwesten released the June 2015 Market Watch for Houston multifamily. The report also contains recent sales, sales statistics and submarket overviews. The chart below shows monthly statistics for...
HOUSTON – Transwesten released the June 2015 Market Watch for Houston multifamily.
The report also contains recent sales, sales statistics and submarket overviews. The chart below shows monthly statistics for the Houston MSA.
| Category | June 2015 |
| Occupancy | 91.2% |
| Price ($/Mo) | $956 |
| Rental rate ($/SF/Mo) | $1.09 |
| Average size (SF) | 877 |
| Number of communities | 2,580 |
| Number of units | 597,732 |
| Under construction (units) | 21,035 |
| Units absorbed (past 12 months) | 13,428 |
| % Offering concessions | 23% |
| Average concession package | 5.4% |
Source: Apartment Data Services Inc.
For more Multifamily statistics, see Houston Market Research.
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