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Lubbock apartment market overview Mar. 2015Lubbock apartment market overview Mar. 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11392015-05-01T07:28:00Z2015-05-01T09:00:00Z

LUBBOCK - Apartment MarketData Research Services LLC released March 2015 data. The multifamily market data represent three months trailing (Jan.–Mar. 2015) or first quarter 2015.

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison Jan.–Mar. 2015
Age
Group
Lubbock Texas
Units Occ. Rate Size Units Occ. Rate Size
< 1970 2,338 97.1% $0.806 762 115,216 96.1% $0.875 834
1970's 5,591 97.7% $0.744 811 355,392 95.8% $0.850 819
1980's 4,177 96.7% $0.831 786 468,033 96.6% $0.943 782
1990's 746 98.8% $0.878 864 192,525 97.0% $1.146 926
2000's 1,953 96.0% $0.967 905 259,916 96.6% $1.179 959
2010's 418 95.5% $1.098 932 58,242 95.8% $1.351 928
Totals* 15,223 97.1% $0.826 814 1,449,324 96.4% $1.011 852


Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).
*Totals include four-bedroom units.

Source: Apartment MarketData Research Services LLC, San Antonio

See Lubbock Market Research.

Company News Release
Lubbock
Multifamily
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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