Feb 13, 2014
ALN Amarillo apartment market Jan. 2014
AMARILLO - ALN Apartment Data has released January 2014 apartment occupancy, effective rent data and more for apartments in the Amarillo market. *Stabilized Market is everything in a market except for...
AMARILLO – ALN Apartment Data has released January 2014 apartment occupancy, effective rent data and more for apartments in the Amarillo market.
| Amarillo Market | Stabilized Market* | |
| Jan. 2014 | Annual Chg. | |
| Occupancy rate | 90.8 | 1.2% |
| Units added | 0 | – |
| Units absorbed (annual) | 126 | – |
| Average size (SF) | 811 | 0% |
| Asking rent | $657 | 1.5% |
| Effective rent | $647 | 1.7% |
| Effective rent per SF | $0.80 | 1.7% |
| Offering concessions | 30% | -15% |
| Avg. concession package | 4.7% | 0.9% |
*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 | $483 | $474 |
| 1 BR | 45.5% | 662 | $573 | $565 |
| 1 DEN | 1.5% | 763 | $683 | $660 |
| 2 BR | 39.7% | 944 | $728 | $720 |
| 2 DEN | 0.6% | 1,145 | $994 | $994 |
| 3 BR | 9.2% | 1,209 | $794 | $781 |
| >3 BR | 1.1% | 1,303 | $1,127 | $1,118 |
Read more at ALN Market News.
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