26 Nov 2024
This week the Radius+ team took a closer look at Houston TX. Houston has been touted as the "Energy Capital of the World” due to its prominence in the oil and gas industry. This has contributed to the large amounts of job and population growth throughout the years.
Houston has seen new supply decelerate in the past few years, allowing rental rates to stay higher than the other main texas metropolitan areas. If supply growth stays measured in this market we can expect rates to trend upward as Houston's population continues to grow at a rapid rate.
New supply added relative to total supply:
