Jun 18, 2014
ALN Amarillo apartments May 2014
AMARILLO - ALN Apartment Data has released May 2014 apartment occupancy, effective rent data and more for apartments in the Amarillo market. *Stabilized Market is everything in a market except...
AMARILLO – ALN Apartment Data has released May 2014 apartment occupancy, effective rent data and more for apartments in the Amarillo market.
| Amarillo Market | Stabilized Market* | |
| May 2014 | Annual Chg. | |
| Occupancy rate | 91.6 | 0.8% |
| Units added | 0 | – |
| Units absorbed (annual) | 85 | – |
| Average size (SF) | 811 | 0% |
| Asking rent | $664 | 2.2% |
| Effective rent | $655 | 3.1% |
| Effective rent per SF | $0.81 | 3.2% |
| Offering concessions | 25% | -38.5% |
| Avg. concession package | 5.4% | 11.2% |
*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% | 477 | $489 | $482 |
| 1 BR | 45.1% | 663 | $584 | $576 |
| 1 DEN | 1.3% | 768 | $692 | $677 |
| 2 BR | 39.7% | 944 | $733 | $724 |
| 2 DEN | 1.1% | 917 | $831 | $831 |
| 3 BR | 9.2% | 1,209 | $803 | $796 |
| >3 BR | 1.1% | 1,303 | $1,132 | $1,132 |
Read more at ALN Market News.
For more stats, see Multifamily under Amarillo Market Data Sources.
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