Rio Grande Valley multifamily conditions July-Sept. 2015

​​​​​​​​BROWNSVILLE-HARLINGEN – Apartment MarketData Research Services LLC has released July–Sept. 2015 apartment data. The multifamily market data represent three-months trailing. The reporting area includes Zapata, Jim Hogg, Brooks, Kenedy, Starr, Hidalgo, Willacy and Cameron counties. 

Below is the Rio Grande Valley area (RGVAA) multifamily market condition.​

Apartment MarketData’s target is to survey 90 percent of multifamily projects over 100 units each quarter. As a rule, these represent all properties except those that are leased but not occupied units.

Age Group: All information is grouped into six age categories — properties built before 1970 and properties built in the 1970s, 1980s, 1990s, 2000s and 2010s.

Rate: Rental Rate is the average market rate expressed as ($/SF/month).

Size: The average size of each unit expressed as (SF/unit).​