The Remington The Remington Katy, now Luxe at Katy Apartments, is a 352-unit multifamily community.

HOUSTON—Tightening vacancy and strong rent gains were apparent last year as rising demand tipped the scale in favor of apartment owners reinvigorating the Houston apartment market. Investors’ attitudes are shifting to a more bullish outlook, though many will be mindful of property locations and expected increases in insurance costs, according to a report from Marcus & Millichap.