CoStar Market Insights: Houston Apartment Rents Are Still Growing
The floodwaters have long since receded following Hurricane Harvey’s ruinous landfall in Houston, but the impacts on multifamily real estate persist.
The demand for apartments by displaced residents in the wake of the storm resulted in a drastic turnaround among fundamentals, and rents grew in turn. Coming off of the 2016 calendar year in which asking rents declined, any sort of rent growth would have been a positive and welcomed sign in Houston…
