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Luxury apartments winning demand as older Galleria properties in Houston struggle to keep renters

Public Facility Corp. projects giving renters access to high-end units at below-market rates
CoStar Analytics
August 28, 2026 | 7:26 P.M.

Houston's Galleria-Uptown apartment market is becoming a tale of two markets. While luxury buildings continue to attract renters, many older properties are losing residents, driving vacancy to record levels and putting pressure on rents across one of Houston's most prominent urban districts.

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