Apartment rents slip while occupancy grows (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Nancy Sarnoff

Houston-area apartments continue to fill up even as more units are delivered and the oil price crash clouds the outlook for this segment of the real estate market.

Occupancy ticked up at the end of February to 94.2 percent, compared with 93.9 percent the previous month, according to new data from apartment research firm Axiometrics. Occupancy a year earlier was essentially flat.

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