Jul 14, 2015
ALN: Amarillo, College Station, Corpus, Lubbock plus…
AMARILLO, COLLEGE STATION, CORPUS CHRISTI, EL PASO, MIDLAND-ODESSA - ALN Apartment Data released the June 2015 review of occupancy, effective rent and more for Amarillo, Lubbock, College Station and...
AMARILLO, COLLEGE STATION, CORPUS CHRISTI, EL PASO, MIDLAND-ODESSA – ALN Apartment Data released the June 2015 review of occupancy, effective rent and more for Amarillo, Lubbock, College Station and El Paso.
| Markets | Amarillo | College Station | Corpus Christi | El Paso | Lubbock | Midland- Odessa |
| Occupancy | 90.9 | 94.6 | 91.5 | 91.4 | 92.0 | 86.2 |
| Units added | 0 | 180 | 737 | 301 | 108 | 398 |
| Units absorbed (annual) | 609 | 563 | 1,111 | -985 | 353 | -623 |
| Average size (SF) | 822 | 838 | 854 | 833 | 847 | 867 |
| Asking rent | $700 | $826 | $928 | $750 | $718 | $1,198 |
| Effective rent | $688 | $822 | $921 | $747 | $715 | $1,189 |
| Effective rent per SF | $0.84 | $0.98 | $1.08 | $0.90 | $0.84 | $1.37 |
| Offering concessions | 30% | 9% | 19% | 14% | 16% | 14% |
| Avg. concession package | 5.7% | 4.5% | 4.0% | 4.1% | 3.4% | 4.9% |
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