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ALN Corpus Christi apartment review Jan. 2015ALN Corpus Christi apartment review Jan. 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=16662015-02-23T08:39:00Z2015-02-23T08:05:00Z

CORPUS CHRISTI - ALN Apartment Data has released January 2015 apartment occupancy and effective rent data for apartments.

Corpus Christi Market Review
Corpus Christi Market Stabilized Market*
Jan. 
2015
Annual
Chg.
Occupancy rate 92.7 -2.1%
Units added 564  
Units absorbed (annual) -163  
Average size (SF) 852 0.5%
Asking rent $883 6.0%
Asking rent per SF $1.04 5.5%
Effective rent $874 5.2%
Effective rent per SF $1.03 4.6%
Offering concessions 19% 170.3%
Avg. concession package 4.4% 53.3%

*Stabilized market is everything in a market except for apartments in initial lease-up.

Floor Plan Breakdown - Corpus Christi
Plan
Type
Market Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Eff. 2.8% 468 $678 $668
1 BR 39.7% 668 $757 $749
1 DEN 0.7% 783 $905 $903
2 BR 44.5% 945 $949 $940
2 DEN 0.5% 1,152 $957 $931
3 BR 9.7% 1,204 $1,091 $1,086
>3 BR 2.1% 1,374 $2,191 $2,190


Read more at ALN Market News.

ALN Apartment Data
Corpus Christi
Multifamily
http://www.alndata.com/market-news/Read more at {Source}

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