Taken from an excerpt in the Houston Chronicle October 16, 2013
Houston has captured the attention of investors because of its strong job growth, low vacancies and rising rents. Multifamily investment activity is up 15 percent in the most recent 12-month period in the Houston region, according to a Marcus & Millichap’s third-quarter report. Rents are projected to rise 4.5 percent in 2013.
And that's just an average, so if you are wondering why rents are rising - it's due to the above, strong job growth and not much availability - no new construction in certain areas other than luxury apartments!
Shared by Kathy Curtis/Texas Apartment Locators, your local apartment expert - Visit our website today and "start apartment search" by filling out the quick contact form!