Jun 18, 2014
ALN Abilene apartment market May 2014
ABILENE - ALN Apartment Data has released May 2014 apartment occupancy, effective rent data and more for apartments in the Abilene market. *Stabilized market is everything in a market except...
ABILENE – ALN Apartment Data has released May 2014 apartment occupancy, effective rent data and more for apartments in the Abilene market.
| Abilene | Stabilized Market* | |
| May 2014 | Annual Change | |
| Occupancy rate | 91.6 | 0.9% |
| Units added | 0 | – |
| Units absorbed (annual) | 59 | – |
| Average size (SF) | 869 | 0.1% |
| Asking rent | $661 | 0.7% |
| Effective rent | $652 | 0.9% |
| Effective rent per SF | $0.75 | 0.3% |
| Offering concessions | 26% | 0% |
| Avg. concession package | 5.4% | -2.0% |
*Stabilized market is everything in a market except for apartments in initial lease-up.
| Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
| Efficiency | 2.5% | 468 | $489 | $481 |
| 1 BR | 35.0% | 655 | $549 | $539 |
| 1 DEN | 2.5% | 818 | $668 | $652 |
| 2 BR | 46.5% | 973 | $706 | $695 |
| 2 DEN | 0.1% | 1,296 | $570 | $570 |
| 3 BR | 12.6% | 1,273 | $928 | $915 |
| >3 BR | 0.8% | 995 | $1,453 | $1,453 |
Read more at ALN Market News.
For more stats, see Multifamily under Abilene Market Data Sources.
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