Mar 10, 2014
ALN Corpus Christi apartments Feb. 2014
CORPUS CHRISTI - ALN Apartment Data has released February 2014 apartment occupancy and effective rent data for apartments. *Stabilized market is everything in a market except for apartments in initial...
CORPUS CHRISTI – ALN Apartment Data has released February 2014 apartment occupancy and effective rent data for apartments.
Corpus Christi Market | Stabilized Market* | |
Feb. 2014 | Annual Chg. | |
Occupancy rate | 94.5 | -0.7% |
Units added | 0 | – |
Units absorbed (annual) | -289 | – |
Average size (SF) | 847 | 0% |
Asking rent | $840 | 8.3% |
Effective rent | $837 | 8.7% |
Effective rent per SF | $0.99 | 8.8% |
Offering concessions | 11% | -39.5% |
Avg. concession package | 2.4% | -78.9% |
*Stabilized market is everything in a market except for apartments in initial lease-up.
Plan Type | Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
Efficiency | 3.0% | 468 | $660 | $660 |
1 BR | 39.5% | 665 | $732 | $730 |
1 DEN | 0.7% | 767 | $856 | $856 |
2 BR | 44.8% | 942 | $905 | $902 |
2 DEN | 0.5% | 1,152 | $884 | $866 |
3 BR | 9.8% | 1,189 | $971 | $970 |
>3 BR | 1.6% | 1,327 | $2,009 | $2,009 |
Read more at ALN Market News.
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