HOUSTON CHRONICLE (November 21, 2017) – Renters paid an average of $1,105 for an apartment in October, the highest average rate in two years as the need for post-Hurricane Harvey housing is shoring up Houston’s glutted multifamily market.
The average rent was $19 more than September’s rate and $30 more than October 2016, according to a new report from Richardson-based Axiometrics, a real estate analytics firm.
Occupancy across the area increased to 93.7 percent, the highest rate in almost two years.
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