While rents have increased nationwide in the wake of the foreclosure crisis, Missouri City has seen its average rental rates double from 2010-15, according to CoStar Group, a commercial real estate research firm.
Only seven years ago, the average Missouri City rent was $637, but in the span of five years, the average rent had skyrocketed to nearly $1,300 in 2015.
Average rents in Sugar Land increased 50.4 percent in the same time period, according to CoStar.
Interestingly, the higher rental rates have brought with them higher vacancy rates as well.
