Popular Post MarathonMan Posted October 21, 2016 Popular Post Share Posted October 21, 2016 My gut tells me downtown will continue to draw new tenants faster than surrounding areas... It's coming to life as residents continue to migrate in; new hotels, restaurants, bars are delivering; the adjacent Buffalo Bayou Park is finished; and the Super Bowl buzz will soon skyrocket. New retail is inevitable. Downtown is going to be the new "It" place to live. 10 Quote Link to comment Share on other sites More sharing options...
HtownWxBoy Posted October 22, 2016 Share Posted October 22, 2016 5 hours ago, MarathonMan said: My gut tells me downtown will continue to draw new tenants faster than surrounding areas... It's coming to life as residents continue to migrate in; new hotels, restaurants, bars are delivering; the adjacent Buffalo Bayou Park is finished; and the Super Bowl buzz will soon skyrocket. New retail is inevitable. Downtown is going to be the new "It" place to live. Agree ... it's amazing all of the residential projects being completed Downtown ... Market Square, near Minute Maid Park, near the new Sky House towers .... Downtown is finally becoming a place to live. 8 Quote Link to comment Share on other sites More sharing options...
samagon Posted October 24, 2016 Share Posted October 24, 2016 On 10/8/2016 at 8:56 AM, HoustonMidtown said: Blue and red lighting at night That's pink. Girls and Boys dormitories. How quaint. Srsly though, you'd think they'd both be pink for October. 4 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 24, 2016 Share Posted December 24, 2016 I think they have changed the blue lights to green. Anyway, you can tell that downtown had more life in areas where these units have been delivered. in interested in seeing how the already active Disco Green area becomes after the other developments get occupied. Southern Downtown With the sky houses, Houston house, and the 3 midrises seem less glamorous but I wonder if they will fill up quicker than the more glamorous ones around Disco green. I am hoping for another redesign of the one on the block bounded by Main, St Joseph, Travis and Jefferson. I am a superfan of preservation, but kinda hoping that the Days Inn and that Church of Science thing across the street goes away. it's a cool building but kinda odd for the area. Does anyone know what the population of downtown is now? Sans the involuntary residents 1 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted December 24, 2016 Share Posted December 24, 2016 (edited) @HoustonIsHome - The Church of Scientology is being transformed into a club by the owner's of Cle. It will be ready early next year. Edited December 24, 2016 by DrLan34 2 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 24, 2016 Share Posted December 24, 2016 Dr Lan it world have been awesome if they encases the church of science building in a tower like they did in Philly. We would preserve the ambiance of the lil church building but increase the use of the land. Quote Link to comment Share on other sites More sharing options...
Texasota Posted December 24, 2016 Share Posted December 24, 2016 Eh, there's no need even for that. More than half the block is a surface parking lot; a well thought-out infill building could slot in there nicely without touching either the church or the apartment building. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 24, 2016 Share Posted December 24, 2016 The church just looks odd to me from the outside. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 25, 2016 Share Posted December 25, 2016 9 hours ago, DrLan34 said: @HoustonIsHome - The Church of Scientology is being transformed into a club by the owner's of Cle. It will be ready early next year. It is (was) the Church of Christ, Scientist, NOT the Church of Scientology. Two VERY different things. 6 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted December 25, 2016 Share Posted December 25, 2016 My, auto complete typed the rest of the word. But whatever that building was used for was besides the point. Just hoping that area was developed more 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 2, 2017 Share Posted February 2, 2017 (edited) As of 4th quarter, 2016, downtown has a 60.3% occupancy rate. 611 new units were delivered during the fourth quarter. Net absorption was 216 units. The metro-wide occupancy rate is 88.5% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 79.1% occupancy rate. 2,222 new units delivered during the quarter, with 269 units net absorption. Edited April 22, 2017 by Houston19514 4 Quote Link to comment Share on other sites More sharing options...
cspwal Posted February 3, 2017 Share Posted February 3, 2017 I took a tour of Skyhouse Main last month, and they said they currently were 26% leased. The area is filling pretty filled in with people - even before the Superbowl arrived, there was almost always at least one person walking on Leeland during the day and evening 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 3, 2017 Share Posted May 3, 2017 As of 1st quarter, 2017, downtown residential has a 58.5% occupancy rate. 286 new units were delivered during the first quarter. Net absorption was 279 units. The metro-wide occupancy rate is 88.3% Downtown seems to be maintaining a pretty decent pace of absorption. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.3% occupancy rate. 2,120 new units delivered during the quarter, with 1,247 units net absorption. 9 Quote Link to comment Share on other sites More sharing options...
enriquewx91 Posted May 4, 2017 Share Posted May 4, 2017 I will take these as good news I'm guessing for further developments? 1 Quote Link to comment Share on other sites More sharing options...
samagon Posted May 4, 2017 Share Posted May 4, 2017 I assume it's the same as everything (except airlines) where you want about 80% occupancy? In which case, all of Houston needs more apartments, and "Central Houston" will be needing more soon? wow. 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 4, 2017 Share Posted May 4, 2017 34 minutes ago, samagon said: I assume it's the same as everything (except airlines) where you want about 80% occupancy? In which case, all of Houston needs more apartments, and "Central Houston" will be needing more soon? wow. I think in apartments, you would want more like 95% occupancy. (Other than hotels, I'm not sure what industry or market would want only 80% occupancy.) 1 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted May 4, 2017 Share Posted May 4, 2017 4 hours ago, Houston19514 said: I think in apartments, you would want more like 95% occupancy. (Other than hotels, I'm not sure what industry or market would want only 80% occupancy.) I was told that a 90% apartment occupancy was "well above normal expectations" once. But, my source may not be credible. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 4, 2017 Share Posted May 4, 2017 24 minutes ago, UtterlyUrban said: I was told that a 90% apartment occupancy was "well above normal expectations" once. But, my source may not be credible. "Demand for rental apartments fell short of new supply by about 100,000 units nationwide, according to RealPage, a real estate analytics firm. Apartment occupancy is still high, but it is softening a bit, dropping to 94.5 percent in the first quarter of this year, compared to 95.1 percent at the end of 2016. Occupancy has been falling for the past six months." 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted July 31, 2017 Share Posted July 31, 2017 (edited) As of 2nd quarter, 2017, downtown residential has a 63.2% occupancy rate (up from 58.5% in the 1st quarter). Net absorption was 267 units were absorbed, while 242 new units were delivered. Net absorption for the year to date was 546 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown is adding a little more than 125 people per month.) The metro-wide occupancy rate is 88.9% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 81% occupancy rate (up from 78.3% in the first quarter. 1,563 new units delivered during the quarter, with 1,676 units net absorption. Net absorption year to date: 2,923. Using the same apartment residency assumption as above, Central Houston is adding about 682 people per month, just in rental residential. Edited October 24, 2017 by Houston19514 8 Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted July 31, 2017 Share Posted July 31, 2017 (edited) I've heard a pharmacy will open in one of the retail spots here. If finalized it is great to see we are starting to get this type of development. Edited July 31, 2017 by urbanize713 8 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted July 31, 2017 Share Posted July 31, 2017 Any word on the CVS planned for market square tower? It was announced last year and I'm not sure i've seen or heard more about it besides the signs in the windows of the parking garage? There is another CVS on Main Street near Main Street Square.. maybe we'll get a Walgreens in downtown? 2 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted July 31, 2017 Share Posted July 31, 2017 1 hour ago, cloud713 said: Any word on the CVS planned for market square tower? It was announced last year and I'm not sure i've seen or heard more about it besides the signs in the windows of the parking garage? There is another CVS on Main Street near Main Street Square.. maybe we'll get a Walgreens in downtown? Been wondering the same. There has been essentially no activity in the space that CVS is supposed to occupy in MST. The only thing that I have noticed (which could have been there the whole time) is that the West side of the parking garage (the entrance) now has a permanent sign that says MST Resident and CVS customer parking only. I hadn't seen that until last week but it could have been up there for months. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted October 24, 2017 Share Posted October 24, 2017 (edited) As of 3rd quarter, 2017, downtown residential has a 62.3% occupancy rate. A net 266 units were absorbed, while 274 new units were delivered. Net absorption for the year to date was 812 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown is adding a little more than 125 people per month.) The metro-wide occupancy rate is 88.3% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 82.6% occupancy rate (up from 78.3% in the first quarter). 555 new units delivered during the quarter, with 1,318 units net absorption. Net absorption year to date: 4,241. Using the same apartment residency assumption as above, Central Houston is adding about 660 people per month, just in rental residential. Edited October 24, 2017 by Houston19514 7 Quote Link to comment Share on other sites More sharing options...
bobruss Posted October 24, 2017 Share Posted October 24, 2017 Does Harvey play into these totals. I don't have a clue but just curious. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted October 24, 2017 Share Posted October 24, 2017 Didn't seem to have much affect, so far. The downtown absorption numbers have been very steady for the past year. 1 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted October 25, 2017 Share Posted October 25, 2017 I always wait for these updates, thanks 19514. Any info on a per project basis downtown? 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 1, 2018 Share Posted February 1, 2018 As of 4th quarter, 2017, downtown residential has a 67.1% occupancy rate. A net 281 units were absorbed (up from 266 absorbed in the 3rd Q), while 886 new units were delivered. Net absorption for the year to date was 1,093 units. Downtown is maintaining a good steady pace of absorption. (Assuming 1.4 people per occupied apartment, downtown continues to add more than 125 people per month.) The metro-wide occupancy rate is 88.6% The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had an 85.4% occupancy rate (up from 78.3% in the first quarter 2017). 1,355 new units delivered during the quarter, with 1,788 units net absorption. Net absorption year to date: 6,029. Using the same apartment residency assumption as above, during the 4th quarter, Central Houston added more than 830 people per month, just in rental residential. Averaged over the year as a whole, we added more than 700 people per month in Central Houston. 8 1 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted February 1, 2018 Share Posted February 1, 2018 Is part of that absorption because of Harvey and apartments being filled as homes are being rebuilt? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 1, 2018 Share Posted February 1, 2018 1 minute ago, thatguysly said: Is part of that absorption because of Harvey and apartments being filled as homes are being rebuilt? Metro-wide, I think yes. But it doesn't seem to have affected the downtown numbers much. Absorption has remained pretty steady pre- and post-Harvey. 2 Quote Link to comment Share on other sites More sharing options...
nate4l1f3 Posted December 7, 2021 Share Posted December 7, 2021 Now know as SoDo on Main https://twitter.com/houstonchron/status/1468241206098509834?s=21 2 1 Quote Link to comment Share on other sites More sharing options...
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