Apartment, townhome options explode in Lake Houston area with new projects
Apartment, townhome options explode in Lake Houston area with new projects
Source: Community Impact NE Houston
Date: 07/19/2024 8:00am
Article Summary:
Lake Houston Area Sees Surge in Multifamily Housing Options: 12 New Projects Open, Under Construction, or Proposed Since June 2023
Several new multifamily developments have opened, are under construction, or have been announced in the Lake Houston area since June 2023, offering residents an expansion of rental options. Real estate experts attribute the spike in housing to factors such as population growth, job growth, and nearby retail development, with average rental rates in the area standing at around $1,362 per month. As the market shifts from being landlord-friendly to tenant-friendly, older apartments may decrease rent, offer more specials, or become subsidized to remain competitive.
Read article here »
Date: 07/19/2024 8:00am
Article Summary:
Lake Houston Area Sees Surge in Multifamily Housing Options: 12 New Projects Open, Under Construction, or Proposed Since June 2023
Several new multifamily developments have opened, are under construction, or have been announced in the Lake Houston area since June 2023, offering residents an expansion of rental options. Real estate experts attribute the spike in housing to factors such as population growth, job growth, and nearby retail development, with average rental rates in the area standing at around $1,362 per month. As the market shifts from being landlord-friendly to tenant-friendly, older apartments may decrease rent, offer more specials, or become subsidized to remain competitive.
Read article here »