Jul 17, 2015
ALN Lubbock apartment data June 2015
LUBBOCK - ALN Apartment Data released June 2015 apartment occupancy, effective rent and more data for apartments. Read more at ALN Market News.
LUBBOCK – ALN Apartment Data released June 2015 apartment occupancy, effective rent and more data for apartments.
| Lubbock Market | General Overview | |
| June 2015 | Annual Chg. | |
| Occupancy | 92.0 | 0.8% |
| Units added | 108 | – |
| Units absorbed (annual) | 353 | – |
| Average size (SF) | 847 | 0.1% |
| Asking rent | $718 | 2.7% |
| Effective rent | $715 | 3.0% |
| Effective rent per SF | $0.84 | 3.1% |
| Offering concessions | 16% | 7.7% |
| Avg. concession package | 3.4% | -42.1% |
| Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
| Efficiency | 2.9% | 391 | $497 | $497 |
| 1 BR | 39.3% | 668 | $655 | $653 |
| 1 DEN | 0.0% | 755 | $640 | $640 |
| 2 BR | 37.9% | 954 | $827 | $825 |
| 3 BR | 12.7% | 1,249 | $1,106 | $1,103 |
| >3 BR | 7.3% | 1,553 | $1,983 | $1,983 |
Read more at ALN Market News.
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