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Far North Central San Antonio submarket ranks No. 9 in U.S.Far North Central San Antonio submarket ranks No. 9 in U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=21972014-12-15T15:40:00Z2014-12-15T00:00:00Z

SAN ANTONIO - Far North Central San Antonio has been named the ninth busiest submarket in the nation by MPF Research.

Far North Central San Antonio’s existing apartment base expansion rate since 2012 is 42.7 percent. That rate calculation includes new apartment supply (1,742 units) since 2012 and the construction volume (1,220 units) at the end of 3rd quarter 2014.

Many of the apartments that either recently completed or that were under construction at the end of 3rd quarter 2014 were near major thoroughfares such as Loop 1604 and Hwy. 281.

Another large chunk of new apartments are either in or near high-end communities, such as Sonterra and Stone Oak.

In addition, office construction in the metro is at its highest level since 2009, with over 900,000 sf of product underway.

Quick Facts
Population 127,701
Median age 37
Average monthly rent  $1,161
Median family income $99,231
Occupancy 3Q 2014 95.5%
Existing units 8,676
Annual rent growth 2.3%


The submarkets were identified based on inventory growth since 2012, including the total number of units completed since 1Q 2012 and the total number of units under construction at the end of 3Q 2014.

Zip codes for Far North Central San Antonio, according to MPF Research:

78004, 78027, 78070, 78163, 78258, 78259, 78260, 7826

Online news
San Antonio-New Braunfels
Multifamily
http://www.propertymanagementinsider.com/nations-top-10-busiest-submarkets-9-far-north-central-san-antonio-texasRead more at {Source}

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