LUBBOCK - Apartment MarketData Research Services LLC has released July–Sept. 2015 apartment data. The multifamily market data represent three-months trailing.
Apartment MarketData's target is to survey 90 percent of multifamily projects over 100 units each quarter. Below is the Lubbock area (LAA) multifamily market condition.
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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