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.
* Excludes Student / Senior / Income Restricted and Military
See Texas Round Up 1Q 2015 for the full report.
Houston-The Woodlands-Sugar Land Market Research.
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