More bang for your buck in Texas citiesMore bang for your buck in Texas citieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=166972017-05-30T05:00:00Z2017-05-31T00:00:00Z

TEXAS – Over the past five years, Texas has been a magnet for corporate relocations, venture capital dollars and jobs.

In turn, the average rent per sf across the five metros increased 25.4 percent over the past five years, 240 basis points higher than the national increase.

Despite impressive growth, rents across the state have remained relatively affordable.

The five major Texas apartment markets offered more sf for the money, with $1,000 stretching significantly further in the Lone Star State metros than the nation as a whole.

San Antonio was the state’s most affordable metro in first ​quarter 2017, with operators charging roughly $1.098 per sf, whereas Austin was the most expensive metro, averaging roughly $1.465 per sf.

​Over the past five years, the average effective rent per sf in Texas increased roughly 25.4 percent while the average effective rent rose 26.7 percent.​​

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