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Midland apartment market overview Oct. 2014Midland apartment market overview Oct. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=22682014-12-08T06:51:00Z2014-12-08T00:00:00Z

MIDLAND - Apartment MarketData Research Services LLC has 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.

Multihousing Market Condition Comparison Aug.–Oct. 2014
Age
Group
Midland Texas
Units Occ. Rate* Size** Units Occ. Rate* **Size
< 1970 556 98.2% $0.962 994 132,294 96.4% $0.852 832
1970's 1,918 95.7% $1.005 914 383,819 95.8% $0.841 818
1980's 5,626 98.1% $1.279 851 488,257 96.9% $0.928 780
1990's 184 100.0% $0.672 896 226,024 97.4% $1.080 922
2000's 1,139 99.6% $1.362 920 366,007 97.4% $1.046 963
2010's 1,156 99.0% $1.470 939 70,963 97.2% $1.194 927
Totals 10,579 97.9% $1.230 888 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 Midland Multihousing Market Conditions Report, including previous data.
Texas real estate news

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, this report and other data are available at Midland Market Data Sources.
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