Matrix Multifamily Houston Report-December 2024 December 25, 2024

Market Conditions Hold in Houston

Houston’s advertised asking rents were unchanged on a T3 basis through October at $1,360, while the U.S. rate fell 10 bps. Meanwhile, the 2.3 percent employment market expansion was third highest in the nation and well ahead of the 1.4 percent U.S. rate.