San Antonio apartment market has strong May

​​​​SAN ANTONIO – Local apartment occupancy rose 20 basis points to 89.8 percent last month, according to ApartmentData.com.

The average price per sf rose by a cent to $1.09, while the average rent per unit increased by $5 to $928 per month. 

The average size of an area apartment increased by one sf to 850 sf. 

The rental rate has ticked up 1 percent since June 2017 as the market​ absorbed 4,885 units. Operating supply across the metro sits at 886 communities and 186,909 total units. 

At the end of May, Dallas-Fort Worth had the highest occupancy rate among major Texas markets with 91.6 percent. Austin remains the most expensive apartment market, averaging $1,207 per unit. In the last 12 months, rental rates have risen the most in Houston, 5.3 percent. Dallas has seen the most absorption since last May, with 17,313 units.​​