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Houston Luxury Apartments

High Rises | Luxury Apartment Broker | 844-655-8987

Houston Apartments Hottest Sub-Markets May 2013

Hottest Sub-Markets  /  Greater Houston – May 2013

                                                   Annualized Current    Rental Rate      % of Mkt Rental Rate     Growth         Absorbed Rank Sub-Market Area                  (c/sf/mo)    Past 3 mos      Past 3 mos —- ——————————  ———–  ———–      ———-

  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.

Source: Apartment Data Services, Inc.  

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