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ALN Corpus Christi apartments Nov. 2014ALN Corpus Christi apartments Nov. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=21472014-12-17T11:44:00Z2014-12-17T08:30:00Z

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

Corpus Christi Market Review
Corpus Christi Market Stabilized Market*
Nov. 
2014
Annual
Chg.
Occupancy rate 93.8 -0.6%
Units added 228  
Units absorbed (annual) 56  
Average size (SF) 849 0.1%
Asking rent $871 4.1%
Effective rent $864 3.6%
Effective rent per SF $1.02 3.6%
Offering concessions 16% 62.2%
Avg. concession package 4.1% 20.7%


*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.
Efficiency 2.9% 468 $669 $660
1 BR 39.5% 667 $754 $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 $1,075 $1,070
>3 BR 2.1% 1,374 $2,171 $2,171


Read more at ALN Market News.

Tag: Texas apartment, Corpus Christi data

ALN Apartment Data
Corpus Christi
Multifamily
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