Apartment vacancies in Houston continue to drop (HBJ)

Photo courtesy Simon Property Group, LP

Photo courtesy Simon Property Group, LP

Josh Mitelman, Houston Business Journal

Apartment vacancies in Houston, at 6.4 percent through Q3, are down 1.2 percent from one year ago, the fifth-largest drop among major markets in the nation, a recent report by commercial real estate analysis firm Reis Inc. (Nasdaq: REIS) shows. Vacancies in Houston are down 0.2 percent from Q2.

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