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ALN Lubbock apartments May 2014ALN Lubbock apartments May 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=38782014-06-18T07:43:00Z2014-06-18T07:13:00Z

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

Lubbock Market Review
Lubbock Market Stabilized Market*
May
2014
Annual
Chg.
Occupancy rate 91.8 0.3%
Units added 276 -
Units absorbed (annual) 290 -
Average size (SF) 844 0.3%
Asking rent $691 2.8%
Effective rent $686 3.5%
Effective rent per SF $0.81 3.3%
Offering concessions 19% -11.1%
Avg. concession package 4.3% -51.5%

*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 $470 $470
1 BR 39.7% 667 $630 $626
1 DEN 0.0% 755 $600 $600
2 BR 38.1% 960 $784 $781
3 BR 12.5% 1,249 $1,066 $1,060
>3 BR 6.8% 1,526 $1,736 $1,735


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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