Houston apartment rents are down, but not for everyone
Updated 11:59 am, Thursday, September 22, 2016
The glut of new apartments is dragging down average rents in Houston, with rent in August falling the most in six years, a new report showed.
Not everyone is getting relief, however, as renters in suburban markets with concentrations of older complexes saw the highest rent increases, Axiometrics reported.
New Luxury Apartments - California Style Mid Rises with two levels community parking garage.
- Nest Smart Thermostats
- Built-in speakers/sound system with select
- Soft-close drawers
- Top floor Penthouses w/wine chiller & wine rack
- Upgraded stainless-steel appliances
- Vegas resort-style pool w/cabanas & TVs,a
sun-shelf and outdoor grills
- Fitness center & separate yoga and spin room with Matrix equipment, on-demand workout systems andPeloton stationary bikes just like SoulCycle Houston
The biggest draw of thedowntown Houstonarea is proximity to jobs. Houston is America’s fourth largest city, and sprawls in every direction. Dozens of large companies, including Chevron and Shell, are located downtown, and living nearby eliminates an exasperating commute on the city’s frequently crowded highways. This being said, there’s a healthy contingent of people moving downtown for the lifestyle who work in employment clusters elsewhere, with the knowledge that their commute will be in the opposite direction of most others’ and therefore a whole lot quicker.