Investing in Houston Multifamily Properties
Across the nation, 35 million residents of multifamily properties contribute $1 trillion annually to the U.S. economy. Not only is Houston one of the country’s largest metros, but it is also a multifamily housing leader. In August 2018, Houston topped Ten-X’s list of Best Markets To Purchase Multifamily Assets. In other words, from Downtown to the outlying suburbs, Houston’s multifamily housing market is healthy and growing.
Projections show that Houston rents will rise slightly while vacancy will decrease. As a result, these factors make Houston a great place to invest in multifamily properties. Because the Houston multifamily housing market is so strong, investing in these properties is a sound strategy.
Working with Houston Multifamily Brokers
CXRE is a Houston-based commercial real estate firm that offers brokerage and management services in Houston’s multifamily housing market. We have become a leader in doing things right by providing efficient service through innovative business modeling. Our agents are premier Houston multifamily brokers who offer a full range of expert commercial real estate services. CXRE can assist with all your needs so you can take advantage of Houston’s growing multifamily market.
As experienced Houston multifamily brokers, we know the local markets and provide top-notch guidance every step of the way. We serve various clients including apartment investors brokers and apartment complex brokers. And as Houston multifamily specialists, we can also manage your existing multifamily projects.
Houston Multifamily Housing Overview
Homeownership has been on the decline for a few years across the nation. This means more people are renting, which is good news for Houston’s multifamily sector. Also, each year, more and more people relocate to Houston for a number of reasons. Many relocate for employment, but they are also attracted by Houston’s affordability. Paychecks go further in Houston than in many major metro areas, especially when it comes to housing. The average rental rates for multifamily units in Houston are significantly lower than in places like San Francisco, New York, Los Angeles, and Washington, D.C.
To meet the metro’s growing housing needs, a wave of multifamily developments were delivered across Houston In 2017. By the end of Q4 2017, the Houston metro area had over 2,700 apartment communities and almost 640,000 apartment units. As of Q1 2018, demand was outpacing deliveries 2 to 1. In the first half of 2018, around 5,200 new multifamily units were completed. An additional 13,000 units are in the construction pipeline for the rest of 2018.
CXRE’s Expert Multifamily Solutions
Houston’s strong multifamily housing market continues to present great investment and leasing opportunities. To help you navigate Houston’s multifamily market, CXRE’s expert Houston multifamily brokers offers commercial real estate solutions and services. We provide customized plans for multifamily leasing, sales, and property management.
CXRE’s multifamily brokers can meet all your needs including owner representation and advisory, multifamily sales, expense management, and reporting, and asset management.
No matter what your needs might be, CXRE’s premier Houston multifamily brokers are ready to assist you. By working with Houston’s efficient and innovative multifamily specialists, you can take full advantage of Houston’s expanding market.