December 8, 2018
Economic strength continues to be the main driver for apartment demand nationally and throughout Texas. Yardi Matrix’s Multifamily National Report for 2018 noted that a strong economy in locations such as Austin mean both rent growth and occupancy continue steady, even with extra supply. Still, analysts believe that Austin’s forecasted rent growth could drop to 2.1% by this time next year.
On the flip side, Houston’s rent growth for November 2018 was at 1.3%, though Yardi Matrix forecasts a 2.4% rent growth by year-end 2019.
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