Is the King of the Multifamily Market: Transwestern: Class C

In Houston, The average occupancy rate for the Class C apartment market reached 93.5 percent in the second quarter, as stated by Transwestern. The Class C segment outperformed other classes of multifamily, although Class B units also are outstanding.

Exceptionally high apartment occupancy rates are reported in submarkets including Sharpstown, Channelview, Alief, Jersey Village, FM 1960 and other markets with more affordable rental rates.

Sixty-nine apartment projects with a total of 18,170 units are under construction, Transwestern reported. Many of those projects will be completed in 2017, pointing to market stabilization in 2018.

August 5, 2016, Copyright Ev Konut Proje 2016