MPF: Corpus Christi multifamily trends 3Q 2015

CORPUS CHRISTI – Apartment demand rebounded from net
move-outs last quarter, as the metro absorbed 244 units during third quarter
2015.

With no new units coming online, occupancy increased 0.8 points
quarter-over-quarter to land at 95.4 percent.

Annually, demand fell just short of net supply, 221 units to
253 units, taking occupancy down 0.1 point.

Meanwhile, apartment operators pushed rents 1.1
percent quarter-over-quarter and 3.3 percent year-over-year.