Q4 2021 | Houston Multifamily Market Report

HOUSTON - Feb. 18, 2022 - PRLog -- Key Takeaways

• Occupancy up quarter over quarter and annually
• Absorption more than doubled in 2021 when compared to 2020
• Average rents rose over the year and over the quarter
• Median and average sales price rose and cap rates compressed

Houston Highlights

Demand for multifamily housing continued in Q4 absorbing 3,548 units, pushing the year-end 2021 total absorption to 37,308 units. The average monthly rent for multifamily units increased from $1,165 per month in Q3 2021 to $1,184 per month in Q4 2021 and from $1,043 per month in Q4 2020. There are over 15,000 units under construction and another 31,260 units are proposed. Occupancy increased over the quarter by 20 basis points and over the year by 340 basis points, from 88.4% in Q4 2020 to 91.8% in Q4 2021.

Pricing & Sales Volume

Houston's multifamily investment sales volume increased 735% year-over-year Q4 2020 TO Q4 2021 and 386% over the quarter between... To read the full report, click here: https://www.colliers.com/en/research/houston/q4-2021-hous...