June 2014

For the first time in our history, Houston's average
multifamily renttopped $1.
(It only took us 178 years!)

CBRE VPClint
Duncantells us average rents are up7%from a year ago. That's largely
thanks to strong fundamentals inClass-B
and Cassets, which account for more than70%of Houston's units. (B and C
must stand for "big time" and "champions.")Inner Looprents are still the
highest in the metro; Clint says some one-bedroom units are achieving