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ALN Lubbock apartments data Aug. 2014ALN Lubbock apartments data Aug. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=30682014-09-15T12:19:00Z2014-09-15T06:45:00Z

LUBBOCK - ALN Apartment Data released August 2014 apartment occupancy, effective rent and more data for apartments.

Lubbock Market Review
Lubbock Market Stabilized Market*
Aug.
2014
Annual
Chg.
Occupancy rate 90.4 -1.6%
Units added 328 -
Units absorbed (annual) -278 -
Average size (SF) 844 0.3%
Asking rent $700 2.6%
Effective rent $693 2.2%
Effective rent per SF $0.82 2.0%
Offering concessions 19% 45.5%
Avg. concession package 5.0% -21.7%

*Stabilized market is everything in a market except for apartments in initial lease-up. 

Floor Plan Breakdown - Lubbock
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 2.9% 391 $476 $476
1 BR 39.7% 667 $641 $635
1 DEN 0.0% 755 $600 $600
2 BR 38.0% 960 $792 $785
3 BR 12.5% 1,249 $1,065 $1,058
>3 BR 6.8% 1,526 $1,721 $1,720


Read more at ALN Market News and be sure to check out Lubbock Market Data Sources.

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

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