New Construction Lowers Houston Apartment Rents

I will discuss current market conditions in Houston Apartments and why new construction has driven rents down. This is providing great apartment deals for all future residents looking for an apartment in Houston.
As an Houston Apartment Locator I struggle to find the best apartment deal for my clients. Well lately there has been no shortage of Houston Apartment Deals. It has been a long time since I have seen specials this good where apartments are offering 2 months free and in some lucky instances up to 3.5 months free rent. For example last week I was showing apartments in the Galleria and 3 apartment complexes that normally rent 2 bedrooms at $1450 were offering specials driving the rent down to $1028 and $1099!

Modern apartments in the Galleria are renting that cheap WOW! This does not surprise me because in the Galleria alone there are 4 newly constructed apartments and 4 more to come (proposed for construction).

These newly constructed apartments are offering out of the world deals and as a result people living in Galleria are giving 30 day move out notices and flocking to these new properties. To add to this the federal agency that issues H1-B visas has frozen all the slots. So what I am seeing is international students and workers from overseas that were renting in the Galleria have given 30 day notices and vacated the country. This is another simple supply and demand concept that is driving vacancies high in some of these Galleria apartments!

So where can you find out these fantastic deals on apartments in the Galleria or anywhere in Houston for that matter? Contact my office EzzyLiving by visiting the link at the bottom of the page. If there was ever a time to move; the next 30 days is the best time to find the right deals for your new apartment home. Just to add to the statistics there are 13 Inner Loop Apartments scheduled for construction in the near future.

This is in addition to the 4 that are already under construction and 11 that are open and now leasing! I haven't even included all the new apartments that have opened up in Medical Center this year like 6 newly constructed apartment now open for lease. So if anyone thinks the Apartment Construction market is slow in Houston, think again! With the influx of new Houston apartments, it's a renters market.

For a comprehensive list of apartment specials please contact EzzyLiving is a Houston Apartments Locator Company thats been in business for 3 years now and specializes in Inner Loop, Galleria, and the Energy Corridor.

By huralain raja
Published: 9/11/2009
 
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