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Population and Jobs to Buoy Multifamily Investments

As demand for real estate increases, Houston should do very well, as it’s one of the few markets that has a very good recovery story and rent growth projections after Hurricane Harvey.

Ryan Epstein Epstein says the apartment market will see continued investment activity with strong fundamentals.

HOUSTON—Multifamily leasing activity significantly increased in 2017, with strong signs of economic tailwinds lifting the apartment market in the upcoming year, according to Berkadia’s multifamily 2018 forecast report. Last year’s 22,353 absorbed units doubled that of 2016, thanks to rising demand leading to a 50-basis point rise in occupancy to 92.8% in December.

Surging demand in the multifamily sector, along with accelerated hiring, is expected to increase absorption by approximately 13% in 2018, as more apartment inventory and 7,579 units are scheduled to become available by year-end.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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