Multifamily deliveries and project starts are expected to taper off in Houston; however, the city’s downtown should see the completion of nearly 5,200 units in the next 24 months. Eighteen projects that are currently underway or planned. Currently 10 multifamily projects, which total more than 2,700 units, are underway in downtown. All of these developments will be delivered between early 2016 and the second quarter of 2017.
- A number of projects received tax credits via a city-sponsored initiative.
- Only one of the 18 downtown projects will feature for-sale units.
- Multifamily demand in Houston is expected to be outpaced by supply in the coming quarters.