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Houston19514

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  1. Houston19514
    1st Quarter, 2018: A net 205 units were absorbed in the CBD, while zero new units were delivered. While it slowed a bit in the 1st Q, Downtown is still maintaining a good pace of absorption. (Assuming 1.4 people per occupied apartment, downtown continues to add almost 100 people per month.) The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., Highland Village/Upper Kirby/West U, and Med Center/Braes Bayou) delivered 770 new units during the quarter, with 626 units net absorption.
  2. Houston19514
    As of 4th quarter, 2017, downtown residential had a 67.1% occupancy rate. A net 281 units were absorbed (up from 266 absorbed in the 3rd Q), while 886 new units were delivered. Net absorption for the year was 1,093 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown continues to add more than 125 people per month.) The metro-wide occupancy rate is 88.6% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 85.4% occupancy rate (up from 78.3% in the first quarter 2017). 1,355 new units delivered during the quarter, with 1,788 units net absorption. Net absorption year to date: 6,029. Using the same apartment residency assumption as above, during the 4th quarter, Central Houston added more than 830 people per month, just in rental residential. Averaged over the year as a whole, we added more than 700 people per month in Central Houston.
  3. Houston19514
    As of 3rd quarter, 2017, downtown residential had a 62.3% occupancy rate. A net 266 units were absorbed, while 274 new units were delivered. Net absorption for the year to date was 812 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown is adding a little more than 125 people per month.) The metro-wide occupancy rate is 88.3% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 82.6% occupancy rate (up from 78.3% in the first quarter). 555 new units delivered during the quarter, with 1,318 units net absorption. Net absorption year to date: 4,241. Using the same apartment residency assumption as above, Central Houston is adding about 660 people per month, just in rental residential.
  4. Houston19514
    As of 2nd quarter, 2017, downtown residential had a 63.2% occupancy rate (up from 58.5% in the 1st quarter). Net absorption was 267 units , while 242 new units were delivered. Net absorption for the year to date was 546 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown is adding a little more than 125 people per month.) The metro-wide occupancy rate is 88.9% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 81% occupancy rate (up from 78.3% in the first quarter. 1,563 new units delivered during the quarter, with 1,676 units net absorption. Net absorption year to date: 2,923. Using the same apartment residency assumption as above, Central Houston is adding about 682 people per month, just in rental residential.
  5. Houston19514
    As of 1st quarter, 2017, downtown residential had a 58.5% occupancy rate. 286 new units were delivered during the first quarter. Net absorption was 279 units. The metro-wide occupancy rate was 88.3% Downtown seems to be maintaining a pretty decent pace of absorption. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.3% occupancy rate. 2,120 new units delivered during the quarter, with 1,247 units net absorption.
  6. Houston19514
    As of 4th quarter, 2016, downtown had a 60.3% occupancy rate. 611 new units were delivered during the fourth quarter. Net absorption was 216 units. The metro-wide occupancy rate is 88.5% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 79.1% occupancy rate. 2,222 new units delivered during the quarter, with 269 units net absorption.
  7. Houston19514
    3rd Quarter 2016: Downtown had a good third quarter. Occupancy rate climbed from 56.2% to 58.4%, with 224 unit net absorption, up from 142 units absorbed in the second quarter. 338 new units were delivered in 3rd quarter. The area CBRE calls "Central" Houston had net absorption of 1,170 units in 3rd quarter! https://researchgateway.cbre.com/Layouts/GKCSearch/DownloadHelper.ashx
  8. Houston19514
    I've been posting apartment market information in the Sky House Main thread, because it originally grew out of a conversation there. In order to make them more available, I wanted to start a separate thread. Here goes. As of 2nd quarter, 2016, downtown had a 56.2% occupancy rate. 207 new units were delivered during the second quarter '16. Net absorption was 142 units. FWIW, downtown had, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate was 89.7% I think the downtown submarket has a great future, but there was little doubt there would be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption.
  9. Houston19514
    2019
  10. Houston19514
    It is a bit disappointing the site is not closer to a rail station, but I imagine it will be served by the Medical Center Shuttles. (There are currently three different shuttle routes that provide circulation within the Medical Center.) http://www.tmc.edu/wp-content/uploads/2016/07/TMC_Shuttle_Brochure_031416.pdf
  11. Houston19514
    I was just having a little fun with you. I imagine if you want to make a fool of yourself on the grassy rooftop, it might be allowed.
  12. Houston19514
    ^ Except I think the idea is to have the streets rebuilt with pertinent infrastructure (I don't think that has been done on Crawford). According to the Theater District Master Plan: What is it? • Street narrowing (see Livable Streets) • New pavement treatment • Eliminate curbs • Bollards to delineate pedestrian and vehicle spaces • Signage to indicate shared street • Infrastructure for electrical and water hookups for events
  13. Houston19514
    No. Absolutely not. (and FWIW, the words are "The hills are alive with the sound of music." Or "The hills fill my heart with the sound of music.")
  14. Houston19514
    Further to my earlier post, very interestingly, Brookfield's website for the Shops at Houston Center shows "No Space Available".
  15. Houston19514
    Oops. Sorry. I pasted the wrong link: https://www.houstonchronicle.com/news/houston-texas/houston/article/Downtown-Houston-s-Jones-Plaza-set-to-undergo-a-12860073.php
  16. Houston19514
    So this is additional distribution facilities, and not a second store?
  17. Houston19514
    https://www.houstonchronicle.com/news/houston-texas/houston/article/Downtown-Houston-s-Jones-Plaza-set-to-undergo-a-12860073.php
  18. Houston19514
    It might be related to the recent change of ownership. I believe they are making plans for substantial changes to the complex, so they may not be renewing leases or seeking new tenants for the time being.
  19. Houston19514
    It looks like their plans or for much more than just a parking garage (and the planned parking garage is going to be underground). I think they are in a capital campaign. Plans include a new middle school building on that end of the campus.
  20. Houston19514
    Yes. May 20
  21. Houston19514
    I think th I think the article misstated the streets that bound the block (and I quoted the misstatement.) The block with the address 100 Crawford is surface parking.
  22. Houston19514
    Your wish is granted. It IS a block south. It's on the block bounded by Crawford Street, Commerce Street, North Jackson Street and Ruiz Street.
  23. Houston19514
    There are no buildings on the site.
  24. Houston19514
    Wait, four large multi-family projects either under way or expected to start soon? (And I think they left off a fifth one, on the block just north of Metro's HQ, and a sixth in the works by Hines) Haven't these developers gotten the word that downtown residential "demand has been ehh"? Someone should get them a subscription to 102IAHexpress's real estate investment newsletter before they all lose their shirts developing in downtown Houston.
  25. Houston19514
    It's part of Segment 3. The segments are simply numbered from north to south. Not that confusing. ;-)
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