Job market to boost Houston apartment demand
Rents expected to rise 3.2% by year end, report finds
By Inman News, Tuesday, May 13, 2008.Houston is forecast to lead the nation in employment growth for the third consecutive year, creating migration-related demand and benefiting local apartment properties, according to a first-quarter Apartment Research Report by commercial brokerage Marcus & Millichap.
The metro's healthy energy and construction sectors generated nearly 100,000 new positions in 2007 and will fuel economic expansion this year, the report found.
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