Apr 6, 2016
San Antonio submarkets! ALN releases 3-month apartment stats
SAN ANTONIO - ALN Apartment Data has released its three-month market statistics report of San Antonio and surrounding areas. The San Antonio market absorbed over 500 units in the last three months which...
SAN ANTONIO – ALN Apartment Data has released its three-month market statistics report of San Antonio and surrounding areas. The San Antonio market absorbed over 500 units in the last three months which is pretty good for the off season.
This pushed average occupancy up 0.2 percent to 89.3 percent. Some submarkets like Downtown and Boerne/Comfort saw new construction drive down occupancy over the last 90 days.
Effective rent gains in San Antonio haven’t been as lofty as in the other Texas markets but that has helped it maintain more consistent occupancy numbers.
Effective rents are up 4.9 percent per unit and 4.8 percent per square foot from this time last year.
This is just a teaser so you might want to check out ALN’s Focus on Texas Markets.
Need more apartment sources? See San Antonio Multifamily Market Research. If we don’t have it, send it to us.
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