As most can see around Houston and especially inside the 610 loop. There are a lot of new apartments beginning construction which in turn is only going to raise the rent of other apartments inside the loop. Most development seems to be happening on the West side of the 610 Loop. “More than 3,500 units in a dozen complexes are under construction primarily inside the 610 Loop and around the Galleria. Nearly 8,700 more are proposed, according to Houston-based Apartment Data Services. Most, if not all, are being planned with top-notch finishes and high dollar rents,” according to an article in the www.Chron.com Most of these units will not be ready till late 2012 the earliest. In turn this has raised rents and escalating at a high rate, plus landlords of upscale Inner Loop properties have stopped offering aggressive concession packages.

To learn more or read the article go to http://www.chron.com/business/article/Apartments-to-multiply-inside-the-loop-2277479.php