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ALN: Austin, Atlanta, DFW, Houston, Tucson, San AntonioALN: Austin, Atlanta, DFW, Houston, Tucson, San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=38802014-06-18T08:04:00Z2014-06-18T06:56:00Z

AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data released the May 2014 review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio.

For reference, Atlanta, Ga., and Tucson, Ariz., are shown. The general overview includes properties in initial lease-up.

General Overview May 2014
Markets Austin DFW Houston San
Antonio
Atlanta Tucson
Occupancy rate 92.3 92.7 92.1 91.4 92.4 90.7
Units added 6,736 9,101 13,060 2,499 4,372 315
Units absorbed (annual) 3,497 8,428 12,931 2,054 7,575 299
Average size (SF) 850 859 873 836 1,015 729
Asking rent $1,053 $898 $930 $847 $894 $643
Effective rent $1,047 $887 $918 $830 $887 $617
Effective rent per SF $1.23 $1.03 $1.05 $0.99 $0.87 $0.85
Offering concessions 11% 31% 28% 41% 26% 63%
Avg. concession package 4.3% 4.2% 4.6% 4.5% 3.9% 6.7%


Read more at ALN Apartment Data.

ALN Apartment Data
Texas
Multifamily
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