Wednesday, May 29, 2024

Why Houston is one of the best cities for downtown living


If you thrive in an city jungle, apparently the best place to be is in Texas. Three cities in the Lone Star State landed in the nation’s prime 2023 spots for downtown living, a new study reveals.

Storage firm StorageCafe shared its findings after wading by means of knowledge from the 30 most populous cities in the U.S.

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Weighing a mix of metrics-—together with rent-to-income ratio, crime charges, condominium facilities and availability, eating and retail choices, and value of groceries—the firm named Dallas as the prime metropolis for downtown living. 

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However, Austin and Houston weren’t far behind, coming in at No. 2 and No. 7, respectively. 

Although it did not come first general, Houston did get a nod for having “the most affordable downtown in terms of the rent-to-income ratio,” the StorageCafe weblog says. Its flats additionally boast a powerful quantity of area in accordance with the examine—averaging about 890 sq. ft per individual.

What’s extra, the report reveals that “79 percent of Houston’s city center apartments are located in luxury buildings and more than 90 percent of them provide access to workout facilities.” As the Houston space grows—rising by 69,094 folks between July 2020 and July 2021, per the Greater Houston Partnership—so does the metropolis’s rental market. 

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Additional evaluation by StorageCafe in 2022 locations Houston third in the nation for the quantity of downtown flats constructed over the previous decade. In truth, it is estimated that 2,700 condominium items are presently below building in Houston’s downtown districts, with completion dates slated for the subsequent two years.





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