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Rio Grande Valley Apartment MarketData Oct. 2014Rio Grande Valley Apartment MarketData Oct. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=23232014-12-03T12:03:00Z2014-12-03T00:00:00Z

RIO GRANDE VALLEY - 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.

Multihousing Market Condition Comparison Aug.–Oct. 2014
Age
Group
Rio Grande Valley Texas
Units Occ. Rate Size Units Occ. Rate Size
< 1970 993 96.6% $0.724 809 132,294 96.4% $0.852 832
1970's 4,505 97.2% $0.727 828 383,819 95.8% $0.841 818
1980's 2,681 98.7% $0.802 761 488,257 96.9% $0.928 780
1990's 3,287 97.5% $0.764 832 226,024 97.4% $1.080 922
2000's 6,721 97.4% $0.737 933 366,007 97.4% $1.046 963
2010's 1,246 95.7% $0.767 943 70,963 97.2% $1.194 927
Totals* 19,433 97.4% $0.748 862 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).
*Totals include four-bedroom units.

Click to see the October 2014 Rio Grande Valley report, including previous data.

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, this report and other data are available under Multifamily in Brownsville-Harlingen Market Data Sources.

Company News Release
Brownsville-Harlingen
Multifamily
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