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Large Number of Vacant Apartments Will Help Houston in Harvey Aftermath

MULTIFAMILY EXECUTIVE (August 30, 2017) – RealPage chief economist Greg Willett says the metro area has 47,000 vacant units; labor issue will persist.

It still remains to be seen how much property damage and economic loss Hurricane Harvey will have caused in and around Houston once the storm has finally left the metro. The region is still focused on getting people to safety and finding shelter for displaced residents.

Houston, the fourth-most populous city in the country, has roughly 6.5 million people living in its metro area. It also has a huge supply of apartments—about 662,400 units as of mid-2017, according to RealPage calculations.

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