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ALN San Antonio apartment report Dec. 2014ALN San Antonio apartment report Dec. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18992015-01-23T14:41:00Z2015-01-23T07:30:00Z

SAN ANTONIO - ALN Apartment Data has released December 2014 apartment occupancy and effective rent data for apartments.

San Antonio Market Stabilized Market*
Dec. 
2014
Annual
Chg.
Occupancy rate 92.3 1.4%
Units added 3,745  
Units absorbed (annual) 2,473  
Average size (SF) 835 0.1%
Asking rent $849 3.0%
Asking rent per SF $1.02 3.0%
Effective rent $834 3.6%
Effective rent per SF $1.00 3.6%
Offering concessions 36% -16.8%
Avg. concession package 4.8% -3.3%

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

Floor Plan Breakdown - San Antonio
Plan
Type
Market Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Eff. 3.5% 465 $587 $575
1 BR 46.1% 673 $738 $725
1 DEN 1.8% 876 $866 $858
2 BR 38.7% 991 $950 $934
2 DEN 0.9% 1,183 $1,114 $1,099
3 BR 7.6% 1,253 $1,160 $1,145
>3 BR 1.4% 1,539 $1,741 $1,728


Read more at ALN Market News.

ALN Apartment Data
San Antonio-New Braunfels
Multifamily
http://www.alndata.com/market-news/Read more at {Source}

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