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San Antonio ALN apartment report March 2015San Antonio ALN apartment report March 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12922015-04-14T08:27:00Z2015-04-13T00:00:00Z

SAN ANTONIO - Multifamily overall occupancy ticked upwards over the last three months from 89.3 percent to 89.4 percent. The market absorbed almost 1,000 net rented units in that time.

Over the last year, the region has absorbed almost 4,800 units. Effective rents however stayed flat in the last three months. They gained a mere $5 per unit from $849 to $854.

The La Cantera submarket saw over 6 percent growth in just the last three months. Overall pricing for the whole area is up 5 percent from this time last year.

Only one submarket, Windcrest/Converse/Randolph, saw a small decrease in pricing over the last year.

The chart below represents the top eight submarkets ranked by effective rent.

San Antonio Quarterly Multifamily Market Statistics*
  Occupancy   Effective Rent
Submarket Nov-14 Feb-15 Chg. Abs.** Nov-14 Feb-15 Chg.
Downtown-Riverwalk-
King William
83.9% 86.1% 2.6% 66 $1,232 $1,241 0.7%
Stone Oak-Sonterra 83.4% 85.7% 2.8% 207 $1,170  $1,138 -2.7%
La Cantera-Dominion-
The Rim-Camp Bullis 
90.7% 91.0% 0.2% 4 $1,044 $1,109 6.2%
Greater New Braunfels 96.9% 95.6% -1.3% -32 $1,046 $1,062 1.6%
Northwest-Helotes-
Grey Forest
87.3% 88.7% 1.6% 47 $1,015 $1,012 -0.3%
Boerne-Comfort 96.9% 97.7% 0.8% 9 $995 $988 -0.6%
Alamo Heights-
Terrell Hills-Olmos Park
84.0% 83.1% -1.1% -63 $936 $949 1.4%
Greater Shavano Park-
Elm Creek
88.3% 89.2% 1.0% 99 $905 $914 1.1%
Totals*** 89.3% 89.4% 0.0% 964 $849 $854 0.6%

*Top eight ranked by effective rent.
**Absorption
***Totals include all submarkets.

See the entire U.S. plus Texas markets at ALN March 2015.

ALN Apartment Data
San Antonio-New Braunfels
Multifamily
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