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ALN Houston apartments Jan. 2014ALN Houston apartments Jan. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=49362014-02-17T14:03:00Z2014-02-17T00:00:00Z

HOUSTON - ALN Apartment Data released January 2014 apartment occupancy and effective rent data for apartments in the Houston market.

Houston Market Review
Houston Market Stabilized Market*
Jan. 
2014
Annual
Change
Occupancy rate 92.4 1.5%
Units added -2,820 -
Units absorbed (annual) 4,279 -
Average size (SF) 871 0.1%
Asking rent $876 4.6%
Effective rent $864 5.4%
Effective rent per SF $0.99 5.4%
Offering concessions 33% -27.5%
Avg. concession package 4.7% -14.7%

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

Floor Plan Breakdown - Houston
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 2.1% 500 $602 $591
1 BR 47.3% 707 $775 $763
1 DEN 3.4% 896 $1,022 $1,007
2 BR 38.9% 1,021 $971 $958
2 DEN 1.0% 1,242 $1,495 $1,472
3 BR 6.7% 1,270 $1,095 $1,082
>3 BR 0.7% 1,353 $1,058 $1,048


Read more at ALN Market News.

ALN Apartment Data
Houston-The Woodlands-Sugar Land
Multifamily
http://alndata.com/%5cmarket_news.phpRead more at {Source}

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