Apartment Boom In Houston Forecasted Post-Harvey

"REIS estimates that Houston’s commercial property market is valued at $130 billion and the inventory will be cut due to the storm. This may boost rents considerably, even as much as 10% .”

HOUSTON, TX - SEPTEMBER 03: Paul (didn't want to provide last name) steers his canoe as he looks to help people retrieve items out of homes that were inundated with water in an area where a mandatory evacuation is still under effect after torrential rains caused widespread flooding during Hurricane and Tropical Storm Harvey on September 3, 2017 in Houston, Texas. Harvey, which made landfall north of Corpus Christi on August 25, dumped around 50 inches of rain in and around areas of Houston and Southeast Texas. (Photo by Joe Raedle/Getty Images)