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ALN Lubbock apartments Jan. 2014ALN Lubbock apartments Jan. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=49752014-02-11T09:50:00Z2014-02-11T00:00:00Z

LUBBOCK - ALN Apartment Data released January 2014 apartment occupancy, effective rent and more data for apartments in the Lubbock market.

Lubbock Market Review
Lubbock Market Stabilized Market*
Jan. 
2014
Annual
Chg.
Occupancy rate 91.4 0.5%
Units added 162 -
Units absorbed (annual) 216 -
Average size (SF) 842 -0.1%
Asking rent $685 1.7%
Effective rent $678 2.4%
Effective rent per SF $0.80 2.6%
Offering concessions 22% -19.9%
Avg. concession package 4.3% -31.0%

*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 $624 $615
1 DEN 0.0% 755 $600 $600
2 BR 37.9% 955 $795 $787
3 BR 12.7% 1,249 $1,085 $1,080
>3 BR 6.9% 1,526 $1,855 $1,854


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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