Jan 23, 2015
ALN San Antonio apartment report Dec. 2014
SAN ANTONIO - ALN Apartment Data has released December 2014 apartment occupancy and effective rent data for apartments. *Stabilized market is everything in a market except for apartments in initial...
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.
| 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.
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