HOUSTON-The region continues humming on all cylinders, with CBRE’s Q2 2013 Multi-Houstin MarketView report showing continued absorption, with demand outpacing supply. Absorption improved to 6,492 units during the quarter (up 17% from the 5,542 units reported during Q1 2013). Year-to-date absorption has already reached 12,034 and is on pace to exceed the 14,000 units absorbed during the past three years.

Occupancy area-wide topped 90%, and has increased more than 350 basis points since Q2 2011. Only the northeast was lower than 90%; though at 89.8%, the report notes that it’s likely this area will top 90% by the end of Q3 2012.

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