After the tumultuous year that was 2020, Houston’s multifamily sector is in the midst of an impressive comeback. The market has absorbed more than 23,000 apartment units over the past 12 months, data from ApartmentData.com showed. Around 15,000 of those units, or 65%, have been absorbed since just the start of 2021.
Only the aftermath of Hurricane Katrina in 2005 led to a comparable number of people actively looking to lease apartments in the greater Houston area, according to ApartmentData.com President Bruce McClenny.
“That 23,000 dwarfs everything for the last 12 years,” McClenny said.
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