Austin, DFW lead Texas in 2015 apartment absorptionAustin, DFW lead Texas in 2015 apartment absorptionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=117702016-01-15T06:00:00Z2016-01-15T17:00:00Z

​​​​CARROLLTON – Austin and Dallas-Fort Worth led the way for apartment absorption in 2015, ALN Apartment Data Inc. reports. DFW absorbed over 22,000 net units; Austin 7,100.

Said ALN in its newsletter:

"While traditionally slower, the fourth quarter in those markets was even more underwhelming than usual with only 2200 units absorbed in DFW and about 250 in Austin.

"While the Houston market managed to absorb 8,700 units for the year, almost 1,000 net rented units were lost in the fourth quarter.

"The Midland-Odessa market, hard hit by the free fall in energy prices, continues to see rent dropping with effective rents down 5 percent per unit in just the fourth quarter.

"However, occupancy losses seem to have stabilized and occupancy has remained in the 87 percent range. San Antonio had a good year with over 5,000 net units absorbed in 2015.

"Effective rents averaged an increase of almost 5 percent in the Texas markets with DFW and Austin leading the way with 8 percent and 6.3 percent growth in effective rent per unit for the year."

Those are the overall figures for the year. ​Here's how Texas markets fared overall in December 2015:

Year-Over-Year Change​Effective Rent
​Year-Over-Year Change
​Greater Dallas​​92.9%​1%​$1,032​7.9%
​Greater Fort Worth​93.3%​0.9%​$907​8.8%
​College Station​96%​0.3%​$1,105​NA
​Corpus Christi​91.5%​-1%$​920​5.3%
​El Paso​90.7%​3.5%$​747​NA
​San Antonio​89.4%​0%$​891​4.8%

ALN Apartment Data
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