Houston’s real estate market is staying busy, especially in multifamily and mixed-use development. The city’s strong job growth and the steady arrival of new residents are keeping demand high for both apartments and neighborhoods that cater to a modern, convenient lifestyle. As developers look for new ways to meet these needs, we’re seeing an exciting blend of housing, retail, and workspace coming together across Houston.
Here are three projects to watch that illustrate this trend:
Multifamily Market Holds Its Own
Houston continues to be a standout in the multifamily market. Even though new building has slowed from its previous record pace, apartment occupancy rates are healthy – hovering between 89% and 94%. Areas like the Southeast and Northeast are seeing especially strong leasing, with rents either holding steady or ticking upward. It’s clear that both upscale and moderately priced communities are attracting plenty of interest, proving that Houston remains an appealing (and affordable) option for many.
Mixed-Use Developments Redefine Neighborhood Living
All around Houston, mixed-use projects are creating vibrant urban destinations. Developments like East River in the East End and the revitalization of downtown’s GreenStreet show how combining apartments, office space, shops, green spaces, and entertainment can bring new life to historic neighborhoods. These projects focus on walkability and community, offering Houstonians more choices close to where they work and play.
Hotspots to Watch: Where Growth Is Headed
Several neighborhoods are drawing special attention for both their investment potential and quality of life – The Heights, Katy, and EaDo stand out, thanks to a mix of character, transit access, and rising values. Big developments like Park Eight Place in Westchase, along with a surge of build-to-rent communities in Katy, reflect ongoing demand for flexible, well-equipped rentals. With mortgage rates still high, more people are choosing to rent – which doesn’t look likely to change anytime soon, as multifamily deals are up 24% over last year.
