- Houston’s Apartment Rent Growth Increased by 1.7% in 2018, the Fourth-Slowest Growth Among Major US Cities [HBJ]
- Killen’s Tex-Mex Spinoff Debuts Over the Weekend in Pearland [Houstonia]
- Recovering from Oil Industry Downturn, Houston’s Office Tenants Expect More Amenities Than Ever [Houston Public Media]
- Mixed-Use District Metropark Square Near The Woodlands Slated To Open in March [HBJ]
- Sud Italia in Rice Village Shutters, Will Reopen Jan. 11 as Fast-Casual Pizzeria, Roma [Houston Food Finder]
- Vista Equities Group Acquires 6.9 Acres in Katy’s West Ten Business Park for Development [Realty News Report]
- Ikea Acquires 117.41 Acres in Generation Park off of Beltway 8 [HBJ; previously on Swamplot]
- Original Frenchy’s To Stay Open Another Week, Demolition Scheduled for Jan. 7 [abc13; previously on Swamplot]
Photo of Uptown: Bill Barfield via Swamplot Flickr Pool
Think I’ve finally seen the end of multifamily boom in the “Houston gentrification arrow” and completion of all the complexes this year.
Rent growth should lag for another few years though against US average since the green shoots we saw in Oil this fall are quickly deteriorating to say the least.
Who knows though, maybe we’ll hit a massive bear market in stocks and lack of homebuyers will push everyone into the complexes to get some rent growth going again. We’re long overdue for some good market buying opportunities and this is what I’m hoping for next year.
Too bad about Sud Italia. My last dinner there, out on the porch, the proprietor appeared and presented us free dessert drinks. We must’ve been a cute couple ):
joel: Hopefully if rent growth slows, hcad will give property owners a break. Some of my properties have had their values DOUBLE in the last few years. I can tell you that rents have NOT done the same.
We have recently started to raise rents mostly to keep up with property tax bills.