current vacancy rate houston suburbs

[Jason Malabute]

I read that the vacancy rate in Houston for Class B properties is 8.2% is this true in Pearland, Texas City,Katy, and League city as well?

[Edward Liu]

I am not surprised by the number, it could be even higher in some areas.  There are too many investors and so many rentals on the market.  Recently I went to Zillow and saw sea of available rentals near my properties (B+ to A- neighborhoods), so vacancy rate got to be high.  This year, none of my rentals raised rents (rents were raised each of previous 3 years) and I heard from Property Management company that rents are actually going downwards in many areas of Houston.  I have been telling friends who are interested to invest in Houston that it might be too late.