Rio Grande Valley multifamily conditions July-Sept. 2015
McALLEN-EDINBURG-MISSION – 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).
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