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ALN Corpus Christi apartments Feb. 2014ALN Corpus Christi apartments Feb. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=46932014-03-10T09:29:00Z2014-03-10T00:00:00Z

CORPUS CHRISTI - ALN Apartment Data has released February 2014 apartment occupancy and effective rent data for apartments.

Corpus Christi Market Review
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. 

Floor Plan Breakdown - Corpus Christi
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.

ALN Apartment Data
Corpus Christi
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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