Saturday 15 December 2018
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Texas A&M - 30 days ago

Houston multifamily deliveries still falling


HOUSTON – Local multifamily deliveries remain on a downhill slide for a second consecutive year as 12,600 units are expected to come online in 2018. This is below the 19,400 units delivered last year.
According to Marcus Millichap, the metro s expected positive absorption of 7,700 units this year will be outweighed by supply additions. Vacancy will rise to 6.4 percent following last year s 200-basis-point fall.
Following a 6.7 percent advance during 2017, the average effective rent will rise 2.9 percent to $1,103 this year.


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