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Texas Medical Center Apartment Market

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One of my HAIF buddy's gave me the idea of this thread. Thought I would create the thread as the TMC is considered a Central Business District.

Does anyone know the multifamily occupancy/demand for the Texas Medical Center area? I know there are a lot of old, 1960s/1980s apartments situated near the TMC. Only a matter of time until a developer buys the garden-style complex and builds a 5 to 8 story apartment wrap.

The TMC multifamily market is probably, mostly, based on a few key streets. Westridge, El Paseo, Brompton, Cambridge, El Mundo, Fannin, Holly Hall, etc.

I'm surprised the TMC area does not share the same market-hype that The Heights/Montrose does with all these new medical districts popping up. The area to watch is Southern Fannin. Pierce Junction is practically vacant.

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