Dec 9, 2014
Galveston apartment market overview Oct. 2014
GALVESTON - Apartment MarketData Research Services LLC has released October 2014 data. The multifamily market data represent three months trailing (Aug.-Oct. 2014). As a rule these represent all properties except...
GALVESTON – Apartment MarketData Research Services LLC has released October 2014 data. The multifamily market data represent three months trailing (Aug.-Oct. 2014).
As a rule these represent all properties except those that are leased but not occupied units.
| Age Group | Galveston | Texas | ||||||
| Units | Occ. | Rate | Size | Units | Occ. | Rate | Size | |
| < 1970 | 1,337 | 91.7% | $0.874 | 856 | 132,294 | 96.4% | $0.852 | 832 |
| 1970’s | 3,321 | 97.9% | $0.905 | 809 | 383,819 | 95.8% | $0.841 | 818 |
| 1980’s | 4,999 | 98.1% | $0.914 | 794 | 488,257 | 96.9% | $0.928 | 780 |
| 1990’s | 1,577 | 98.8% | $1.022 | 862 | 226,024 | 97.4% | $1.080 | 922 |
| 2000’s | 3,634 | 98.6% | $0.959 | 984 | 366,007 | 97.4% | $1.046 | 963 |
| 2010’s | 1,384 | 98.8% | $0.964 | 932 | 70,963 | 97.2% | $1.194 | 927 |
| Totals | 16,252 | 97.8% | $0.935 | 863 | 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 Houston Multihousing Market Conditions Report, including previous data.
Source: Apartment MarketData Research Services LLC, San Antonio
See Houston-Sugar Land-Baytown Market Data Sources for pages of data you will love.
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