Houston Apartment Update Report Details Impact Of Hurricane Katrina
In Houston, the remains of Hurricane Katrina are still being felt. Houston area apartment occupancy also fell from last quarter, down 1.4 points overall. On average, apartments in Houston show an 88.46 percent occupancy rate. This is the fifth consecutive quarterly drop in occupancy levels. Class A properties fell 1.54 points to 90.48 percent; Class B fell 1.12 points to 89.47 percent; Class C fell 1.8 points to 86.06 percent and Class D fell 1.23 points to 83.40 percent. The highest occupancy level was in Sheldon at 96.55 percent. Brookhollow had the lowest occupancy rate at 82.99 percent.