Forecast: Houston multifamily market to remain soft in 2017

December 19, 2016

By Paul Takahashi, Houston Business Journal

Jay Parsons sees Houston’s multifamily market as a tale of two cities.

Neighborhoods with a lot of energy jobs — like downtown, Inner-610 Loop west and the Energy Corridor — have seen apartment rents decline during the oil slump. Operators are offering up to three months of free rent, and with more supply than demand, it’s a renter’s market.

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