A life of luxury can be found in Houston. In fact, although Houston is historically known as a cheap place to live, almost all the apartments delivered last year were on the high-end spectrum.
There is a citywide push to add more multifamily developments to accommodate for population growth, and Houston is one of the cities leading the nation for new multifamily product delivering by year-end.
With data by Apartment Data Services and Transwestern, Bisnow compiled the top 10 highest asking rates per square footage in Space City.
10. The Star
Units: 286
Address: 1111 Rusk St., Houston
Built: 2016
Submarket: Downtown
Management Group: Lincoln Property Co.
Average Asking Rents: $2,698
Average Unit Size: 1,042 SF
Notables: The historic 1915 Texaco Building was transformed into a residential tower in Downtown. On-site amenities include a heated resort-style pool, an upscale restaurant, a social lounge with a demonstration kitchen, a state-of-the-art fitness center with on-demand cardio/spin, a private media and theater room, an on-site golf simulator, a conference room and a pet washing station.
9. The Sovereign At Regent Square
Units: 290
Address: 3233 West Dallas St., Houston
Built: 2014
Submarket: Montrose
Management Group: Windsor Communities
Average Asking Rents: $2,635
Average Unit Size: 1,002 SF
Notables: The 21-story residential tower is within Regent Square, a master-planned district that features studios and one- and two-bedroom units. On-site amenities include a fitness center and yoga studio, a lap pool with sun lounge, a barbecue pavilion with outdoor TV and fireplace, a private pet park, a clubroom with demonstration kitchen and a game room with beverage kitchen.
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8. Residences At Kirby Collections
Units: 197
Address: 3333 Lake St., Houston
Built: 2017
Submarket: Upper Kirby
Management Group: Greystar
Average Asking Rents: $3,849
Average Unit Size: 1,462 SF
Notables: The luxury residential community features one- to three-bedroom floor plans within the Kirby Collection mixed-use project. On-site amenities include a 24-hour fitness center, a pool and cabana, the Sky View lounge, bike valet service, electric car-charging stations, and street-level shops, boutiques and restaurants.
7. One Park Place
Units: 364
Address: 1400 McKinney St., Houston
Built: 2008
Submarket: Downtown
Management Group: Finger Cos.
Average Asking Rents: $3,593
Average Unit Size: 1,391 SF
Notables: One Park Place is in the heart of Downtown and houses the two-story Phoenicia Deli & Grocery. Other on-site amenities include access to Brasserie Du Parc French Restaurant, a 24-hour concierge, complimentary valet for residents and guests, pet walking and grooming services, dry cleaning drop-off and pickup, car washing and detailing and a multilevel deck and pool.
6. The Museum Tower
Units: 187
Address: 4899 Montrose Blvd., Houston
Built: 2002
Submarket: Montrose
Management Group: Finger Cos.
Average Asking Rents: $4,850
Size: 1,794 SF
Notables: Situated in Houston's Museum District, the luxury high-rise offers five-star accommodations. On-site amenities include free valet parking and a bellman, a 24-hour concierge, a fitness center and a heated pool with a Downtown view.
5. Market Square Tower
Units: 463
Address: 777 Preston St., Houston
Built: 2016
Submarket: Downtown
Management Group: Greystar
Average Asking Rents: $3,312
Size: 1,282 SF
Notables: The 40-story luxury tower features floor plans from studio to three-bedroom units. On-site amenities include a park terrace with heated pool and spa with cabanas, a game room, a poker suite, an indoor basketball court, a virtual golf simulator, a movie theater, a children's room, and steam, sauna and massage rooms.
4. Latitude Med Center
Units: 372
Address: 1850 Old Main St., Houston
Built: 2018
Submarket: Med Center
Management Group: Greystar
Average Asking Rents: $2,350
Average Unit Size: 896 SF
Notables: The 35-story, high-rise features 372 micro-, two- and three-bedroom units with lobby access to the InterContinental Houston Medical Center. The 357-room, full-service hotel was slated to deliver by year-end, Bisnow previously reported. On-site amenities include a clubroom with billiards, bar and lounge, a wellness destination, a shared business workspace, a dog walking area, an infinity edge pool, a tanning area and a Sky Club with lounge, bar and luxe dining area.
3. Ivy River Oaks
Units: 293
Address: 2311 Mid Lane, Houston
Built: 2017
Submarket: Upper Kirby
Management Group: Greystar
Average Asking Rents: $2,875
Average Unit Size: 1,109 SF
Notables: The luxury complex touts its pet-friendly neighborhood. On-site amenities include a boutique hotel-inspired lobby, concierge service, valet service, dry cleaning drop-off, a private residents' bar and keyless building entry.
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2. Aris Market Square
Units: 272
Address: 409 Travis St., Houston
Built: 2017
Submarket: Downtown
Management Group: Greystar
Average Asking Rents: $3,455
Average Unit Size: 1,193 SF
Notables: The 32-story luxury high-rise tower is within the Market Square historic district in Downtown and features one-, two- and three-bedroom apartments. On-site amenities include direct access to METRO Rail, an outdoor entertainment and cooking area, open-air terrace lounge seating with an outdoor fireplace, a laptop lounge with adjacent library, a fitness center, a vinyl listening room with a record collection, a bike storage and bike repair room, and a pet parlor with a grooming station.
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1. 2929 Weslayan
Units: 254
Address: 2929 Weslayan St., Houston
Built: 2014
Submarket: Upper Kirby
Management Group: PM Realty Group
Average Asking Rents: $3,874
Average Unit Size: 1,497 SF
Notables: The luxury high-rise tower features one-, two- and three- bedroom units and penthouses. On-site amenities include 24-hour concierge, valet parking, a 30K SF outdoor living space with fireplace and Downtown views, a Grotto pool and wet deck with resort-style cabanas, a fitness center, a 60-seat skyline lounge, a boardroom and a covered dog park.
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