Houston: ALN Apartment review 1Q 2015Houston: ALN Apartment review 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8892015-05-28T14:51:00Z2015-05-28T08:45:00Z

HOUSTON - The region added about 4,000 units to the market in the quarter and managed to absorb about the same, keeping overall occupancy at 91.5 percent.

The new product helped push average effective rents up 2 percent in the quarter to $974 per unit.

This may just be the market taking a while to absorb the drop in energy prices.

Select Texas City* Market Statistics
1st Quarter 2015
Occupancy Effective Rent /Unit
Market YE 2014 End 1Q Chg. YE 2014 End 1Q Chg.
Houston 91.5% 91.5% 0.0% $954 $974 2.0%

* Excludes Student / Senior / Income Restricted and Military

See Texas Round Up 1Q 2015 for the full report.

Houston-The Woodlands-Sugar Land Market Research.

ALN Apartment Data
Houston-The Woodlands-Sugar Land
http://www.alndata.com/market-news/Read more at {Source}

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