Dec 12, 2014
Lubbock apartment market overview Oct. 2014
LUBBOCK - Apartment MarketData Research Services LLC released October 2014 data. The multifamily market data represent three months trailing (August–October 2014). As a rule these represent all properties except those...
LUBBOCK – Apartment MarketData Research Services LLC released October 2014 data. The multifamily market data represent three months trailing (August–October 2014).
As a rule these represent all properties except those that are leased but not occupied units.
| Age Group | Lubbock | Texas | ||||||
| Units | Occ. | Rate | Size | Units | Occ. | Rate | Size | |
| < 1970 | 2,688 | 96.5% | $0.788 | 752 | 132,294 | 96.4% | $0.852 | 832 |
| 1970’s | 6,042 | 97.0% | $0.751 | 803 | 383,819 | 95.8% | $0.841 | 818 |
| 1980’s | 4,289 | 96.3% | $0.832 | 785 | 488,257 | 96.9% | $0.928 | 780 |
| 1990’s | 1,342 | 98.8% | $0.758 | 854 | 226,024 | 97.4% | $1.080 | 922 |
| 2000’s | 3,182 | 97.2% | $0.825 | 927 | 366,007 | 97.4% | $1.046 | 963 |
| 2010’s | 570 | 99.1% | $0.950 | 935 | 70,963 | 97.2% | $1.194 | 927 |
| Totals | 18,113 | 97.0% | $0.797 | 821 | 1,667,364 | 96.8% | $0.966 | 859 |
Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).
Click to see the full October 2014 Lubbock Multihousing Market Conditions Report, including previous data.
Source: Apartment MarketData Research Services LLC, San Antonio
tag: apartment research
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.