- Beautiful product with convenient location
- • Thoughtful interiors with touches such as a storage area with bench built in for shoes,
- bags, jackets, etc. which is similar to what you would see in single family home new
- construction.
- • Over the past 15 years, more than 80% of Harris County’s population growth has
- occurred in Unincorporated Harris County, which contains the Northwest Houston
- Submarket.
- • Overall vacancy in the Northwest Houston submarket has fallen around 150 basis points
- in the past 18 months while the supply pipeline is thinning.
- Location being right on 2920 makes for a decent amount of road noise in both of the 1-
- bedrooms we viewed.
- • The leasing consultant did not demonstrate the units, take charge of the tour, or follow
- up with us afterwards.
- • This area has seen a large amount of growth in the last few years, with roughly 13k units
- delivered since 2020.
• The current special of 2 months free is competitive with the newer properties, but may not be necessary for leasing if the leasing presentation is tailored to the prospects
• The leasing consultant, while pleasant, could use some additional training and shadowing a more experienced leasing professional.
• I tried looking up the property by the address printed on the brochure and found that the brochure address states 2880 FM 2920 Spring, TX 77388, when the address is 3880
FM 2920 Spring, TX 77379
- Very competitive comp set with rents psf ranging $1.42-$1.91 with subject property at $1.96 psf including some with similar finishes and amenities that are part of a PFC or HFC program.
- 43% of the households within 5 miles of the property are renter occupied