Jun 18, 2014
ALN: Austin, Atlanta, DFW, Houston, Tucson, San Antonio
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...
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.
| 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.
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