San Antonio apartment market healthy

​​​​​SAN ANTONIO – Local apartment occupancy ended July at 90.4 percent, up 40 basis points from June, according to an ApartmentData.com report. 

The average price per unit rose $5 to $939, raising the average price per sf per month one cent to $1.10. 

With no new apartment deliveries in July, the average unit size across the metro stood at 850 sf. In the last 12 months, 25 new communities totaling 5,970 units have delivered. 

Currently, there are 25 communities totaling 6,307 units under construction, and 31 communities totaling 8,960 units have been proposed.

Increased occupancy rates correlated with a slight drop in concessions in July, with 78,446 units receiving concessions, or 42 percent of the market. ​​