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ALN Corpus Christi apartment report Dec. 2014ALN Corpus Christi apartment report Dec. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19452015-01-16T12:34:00Z2015-01-16T10:20:00Z

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

Corpus Christi Market Review
Corpus Christi Market Stabilized Market*
Dec. 
2014
Annual
Chg.
Occupancy rate 92.5 -0.6%
Units added 47  
Units absorbed (annual) 33  
Average size (SF) 850 0.2%
Asking rent $880 5.6%
Asking Rent per SF $1.04 5.4%
Effective rent $873 5.2%
Effective rent per SF $1.03 5.0%
Offering concessions 16% 68.3%
Avg. concession package 3.9% 26.3%


*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. 2.9% 468 $671 $662
1 BR 39.5% 667 $753 $747
1 DEN 0.7% 767 $842 $836
2 BR 44.5% 943 $944 $938
2 DEN 0.5% 1,152 $955 $955
3 BR 9.9% 1,197 $1,084 $1,079
>3 BR 2.1% 1,374 $2,181 $2,181


Read more at ALN Market News.

ALN Apartment Data
Corpus Christi
Multifamily
http://public.alndata.com/marketreview/CRP6c1bf2b591.pdfRead more at {Source}

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