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ALN Lubbock apartments Feb. 2014ALN Lubbock apartments Feb. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=47022014-03-09T05:47:00Z2014-03-08T06:12:00Z

LUBBOCK - ALN Apartment Data released February 2014 apartment occupancy, effective rent and more data for apartments.

Lubbock Market Review
Lubbock Market Stabilized Market*
Feb. 
2014
Annual
Chg.
Occupancy rate 91.2 -0.2%
Units added 342 -
Units absorbed (annual) 107 -
Average size (SF) 843 -0.3%
Asking rent $690 2.0%
Effective rent $683 2.3%
Effective rent per SF $0.81 2.8%
Offering concessions 19% -19.1%
Avg. concession package 4.8% -11.5%

*Stabilized market is everything in a market except for apartments in initial lease-up. 

Floor Plan Breakdown - Lubbock
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 3.1% 392 $465 $464
1 BR 39.3% 663 $623 $616
1 DEN 0.0% 755 $600 $600
2 BR 37.9% 955 $794 $787
3 BR 12.7% 1,249 $1,083 $1,078
>3 BR 6.9% 1,526 $1,856 $1,856


Read more at ALN Market News, and be sure to check out Lubbock Market Data Sources.

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

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