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O'CONNOR REAL ESTATE EVENTS |
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- Office Forecast Luncheon
September 22, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
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- Apartment Forecast Luncheon
October 20, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
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- Industrial Forecast Breakfast
November 17, 7:30 a.m. - 9:00 a.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
Register Now!
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Houston Apartment Market Update - July 2007August 16, 2007
Houston Apartment Market Update - July 2007
Click here for graphs and a PDF version of this article.
The Houston market recorded an uptick in occupancy in July; however, Houston occupancy continues to lag the major Texas markets. Houston rental rates also inched up in July, but remain towards the lower end when compared to the other major markets in Texas. July absorption in Houston was 1,090 units, the strongest of all markets.
Houston apartment market occupancy increased 0.11 points in July to 88.62%. Despite the gain, occupancy is down 1.69 points over the last year. Average rents per square foot were up $0.001 psf to $0.842 psf, and are up $0.016 psf since this time last year. Average rent per unit gained $1.29 in July to $718.92, which represents an annual increase of $16.43. Monthly absorption totaled 1,090 units; however, annual absorption remains in the red at -209 units.
ApartmentLink is your best source for apartment market data in Houston, Dallas/Ft. Worth, Austin and San Antonio. With information on owners, occupancy, rent, ammenities, detailed property information, comparable information, and much more, ApartmentLink provides vital apartment information for on-site managers, vendors, brokers, owners and investors. The database is available online at oconnordata.com.
Ask about your FREE 10-Day trial for the most accurate online Texas apartment data today! Click here to sign up or contact Heather Wiesner at 713-375-4262.
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