HOUSTON—The Apartment Association held its annual state of the industry event last week. Industry leaders and analysts discussed Harvey-related issues, recent economic trends, job growth, forecasts, rental rate and occupancy trends, new construction developments, technology and marketing trends.
The featured panelists included Stacy Hunt, moderator, Greystar; Ric Campo, Alliance Camden; Cyrus Bahrami, Alliance Residential; John Boriack, Veritas Equity Management; Patrick Jankowski, Greater Houston Partnership; and Bruce McClenny, Apartment Data Services. The breakfast event was held at the Hilton Houston Post Oak at 2001 Post Oak Blvd.
The panel indicated that the economic downturn was at its worst in August 2017, followed by a gradual recovery in September. They also indicated that employment is now at an all-time high. However, the jobs that were gained don't pay as much (less than $60,000 on average) as the jobs that were lost (paying more than $70,000 on average).
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
