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ALN spotlights Lubbock apartments Sept. 2014ALN spotlights Lubbock apartments Sept. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=27902014-10-14T12:22:00Z2014-10-14T07:45:00Z

LUBBOCK - ALN has released a Spotlight on Smaller Texas Markets report for September 2014.

At the beginning of the year, average occupancy in Lubbock was 91.3 percent. It has dropped a full percentage point to 90.3 percent since then, representing a net loss of 300 rented units.

Effective rents, however, gained $18 to $698 per unit in 2014.

ALN Lubbock Apartment Data*
12-Month Statistics
  Occupancy Effective Rent
Submarket Aug. 13 Aug. 14 Change Absorp. Aug. 13 Aug. 14 Change
North/University/Downtown 88.0% 89.0% 1.1% -11 $720 $757 5.2%
Southeast 89.1% 82.0% -8.0% -151 $671 $719 7.1%
Southwest 94.8% 93.4% -1.5% -114 $669 $670 0.2%
Totals 91.9% 90.3% -1.7% -302 $679 $698 2.9%

* Does not include Senior/Student/Income Restricted

Click here for the full report. See Lubbock Market Data Sources for more multifamily data.

ALN Apartment Data
Lubbock
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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