BREAKING NEWS

Harold Farb Skyscraper Sold

Hotels Sold for $137 Million

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

Major Warehouse Lease Signed

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Texas Apartment Report Card: Class B at Record-High Occupancy Rates

by Realty News ReportSeptember 9, 2015
Share0

HOUSTON – Class B apartments are at the head of the class in Texas apartment industry, according to a CBRE Research report.

The more affordable Class B units have an occupancy rate of almost 95 percent in the major metro areas of Texas, while Class A occupancy has slipped to 86.8 percent.

In Houston, Class B occupancy is at a record high, CBRE reports.

Because of high land costs, constructing a Class B-priced complex is not a viable option. The supply is further tightened as old apartment buildings are torn down to make way for new Class A tower. To top it off, some 541,000 people moved to Houston between 2010 and 2014.

The Class B market is tight. Some renters will move to outlying suburbs to find lower rents. And buying a single-family dwelling or a condo unit will be a more attractive option as rents increase.

Share0
previous post
Hines Florida Update: David Weekley and Ashton Woods Break Ground on Model Homes in Tampa Project
next post
Texas Self-Storage Construction Program Launched; Developer Looks for More Sites

Related posts

Harold Farb Skyscraper Sold

Realty News ReportMarch 29, 2023

Hotels Sold for $137 Million

Realty News ReportMarch 29, 2023

High Mortgages Frustrate Buyers

Realty News ReportMarch 27, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact