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Hottest Sub-Markets / Greater Houston – May 2013 |
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Annualized Current Rental Rate % of Mkt Rental Rate Growth Absorbed Rank Sub-Market Area (c/sf/mo) Past 3 mos Past 3 mos —- —————————— ———– ———– ———- |
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1 Northshore/Wood Forest 78.4 10.4% 3.3% 2 West Memorial/Briar Forest 102.7 10.4% 2.2% 3 Brookhollow 82.3 6.7% 2.3% 4 Richmond/Rosenberg 88.0 6.2% 3.6% 5 Clear Lake 98.1 11.7% 1.2% 6 Greenspoint 71.8 7.0% 1.5% 7 Heights 156.4 5.4% 3.5% 8 Almeda/South Main 83.6 8.5% 1.2% 9 Alief 79.8 4.9% 2.0% 10 Katy/Far West 108.0 8.7% 0.7% 11 Inwood/Northwest 78.1 4.8% 2.0% 12 Fort Bend 107.1 6.4% 1.1% 13 Woodlake/Westheimer 98.4 10.4% 0.5% 14 Sharpstown/Westwood 68.9 7.3% 0.9% 15 FM 1960 West/Champions 85.5 4.3% 2.0% 16 Medical Center/Bellaire 133.1 9.4% 0.5% 17 Westchase 97.7 4.7% 1.5% 18 Galveston/Brazoria 80.7 7.7% 0.6% 19 Braeswood/Fondren SW 70.9 6.2% 1.0% 20 Conroe/Montgomery 86.3 2.0% 1.6% 21 Far East 80.3 0.5% 1.7% 22 Pasadena/Deer Park 77.6 8.1% 0.5% 23 Galleria 126.6 8.2% 0.0% 24 Friendswood/Pearland 97.3 6.0% 0.9% 25 Hwy 288/South 91.3 0.8% 1.6% 26 Gulfgate/Almeda Mall 77.3 4.2% 1.3% 27 Galena Park/Jacinto City 90.8 5.9% 0.6% 28 Lake Houston/Kingwood 98.2 -1.7% 1.4% 29 Spring Branch 77.3 4.7% 0.9% 30 FM 1960 East/IAH Airport 80.5 -2.1% 1.5% 31 Gulfton/Bissonnet 76.6 0.5% 1.2% 32 Eastex Frwy/Near Northeast 77.6 2.5% 1.0% 33 Tomball/Far Northwest 98.5 6.4% -0.2% 34 Northline/Aldine 71.4 5.8% 0.5% 35 Woodlands/Far North 112.2 5.5% 0.5% 36 Inner Loop West/Greenway Plaza 157.3 6.2% -0.1% 37 Montrose/Museum District 165.3 5.1% 0.5% 38 FM 1960 West/Steeplechase 95.2 1.3% 0.9% 39 Bear Creek/Copperfield 97.6 2.6% 0.7% 40 Baytown 78.0 -3.2% 1.1% 41 Inner Loop East 113.1 5.3% 0.0% The table above lists the hottest sub-markets in the Greater Houston Area. The overall ranking is based on the combination of rental rate growth and absorption over the past 3 months. |
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Source: Apartment Data Services, Inc. |