Yardi Matrix: San Antonio multifamily report winter 2018Yardi Matrix: San Antonio multifamily report winter 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=193532018-03-06T06:00:00Z2018-03-06T22:30:00Z

​​​​​San Antonio vs. National Rent Growth (sequential 3-month, year over year)

SAN ANTONIO – Above-trend employment gains, falling occupancy rates and elevated deliveries characterized the area’s multifamily market in 2017.

Even so, the metro’s multifamily fundamentals remain healthy, sustained by above-trend employment gains, according to the Winter 2018 S​an Antonio Multifamily Report from Yardi Matrix.

Rents were up 0.8 percent, reaching $987 but well below the 2.5 percent increase nationally. 

Employment growth was diverse in 2017, with education and health services and mining, logging and construction leading the expansion. 

San Antonio’s multifamily occupancy in stabilized properties remains the lowest among major U.S. metros, falling 90 basis points in 2017 to 92.9 percent as of December 2017. 

Apartment construction is strong, with more than 7,100 units underway and an additional 19,000 in various planning stages, leading Yardi Matrix to forecast rent growth of 1.5 percent in 2018.
Multi-Housing News
San Antonio-New Braunfels

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