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Lubbock Apartment MarketData stats: May 2014Lubbock Apartment MarketData stats: May 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=37472014-07-01T12:01:00Z2014-07-01T00:00:00Z

LUBBOCK - Apartment MarketData Research Services LLC released May 2014 data. The multifamily market data represent three months trailing (March–May 2014).

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison
Age
Group
Lubbock Texas
Units Occ. Rate Size Units Occ. Rate Size
< 1970 2,688 95.6% $0.787 752 134,614 96.5% $0.837 832
1970's 6,042 94.4% $0.751 803 385,921 95.7% $0.818 818
1980's 4,289 93.7% $0.829 785 489,131 97.0% $0.906 780
1990's 1,342 96.6% $0.758 854 225,076 97.6% $1.064 922
2000's 3,182 94.6% $0.856 927 365,322 97.4% $1.032 963
2010's 570 97.4% $0.950 935 62,245 97.3% $1.176 926
Totals 18,113 94.7% $0.802 821 1,662,309 96.8% $0.946 858


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 May 2014 Lubbock Multifamily full report, including historical data.

Source: Apartment MarketData Research Services LLC, San Antonio

See more multihousing data under Multifamily in Lubbock Market Data Sources.

Company News Release
Lubbock
Multifamily
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