![The Morris (Nashville, Tennessee)](https://hamiltonzanze.com/wp-content/uploads/fly-images/9734/Morris_header_DJI_0087-390x390-c.webp)
Nineteen-story multifamily high-rise expands company’s Music City portfolio.
ReadHouston’s job market is thriving, home prices and mortgage rates are increasing, and apartment demand remains sky-high. According to Marcus & Millichap’s market report, even the 9,250 units scheduled to be delivered in 2013 (77% more than 2012) will not satisfy demand: the Houston-area vacancy rate is forecasted to top out at 7.9%.
With so many looking to rent, apartment operators have the luxury of leasing units concession-free. About 17% of available units in Houston offer concessions, down from 29% in 2012 and 45% in 2011.
Read the full article at GlobeSt.com