Rent Inflation Inside the Loop?
Sorry if this has been posted about before, but I feel like rent inflation in many neighborhoods inside the Loop has been a lot higher than expected the past few years.
When I first looked in 2022, I feel like $2000+ rents for a 1 bedroom in some of the more expensive Inner Loop neighborhoods like Upper Kirby, Montrose, and Museum District were a relatively rare exception (i.e. basically only at the Hanover Buildings and a couple of other high-end luxury apartments), with the usual range at $1500-$1700. These days it seems like most of those same $1500-$1700 buildings are over $2000, often well over. Am I imagining this as an overall trend towards rent inflation, or is this a real trend?
I know Houston overall is still a relatively affordable city, I think I was just surprised at how much some apartments had seen their rents go up.
submitted by /u/CloudsandSunsets
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