Midland apartment market overview Oct. 2014
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.
| 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.
Texas real estate news
You might also like
TG Magazine
Check out the latest issue of our flagship publication.