{{titleBar.title}}

{{titleBar.tagline}}

 

 

ALN Corpus Christi apartments Jan. 2014ALN Corpus Christi apartments Jan. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=49942014-02-10T13:05:00Z2014-02-10T00:00:00Z

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

Corpus Christi Market Review
Corpus Christi Market Stabilized Market*
Jan. 
2014
Annual
Chg.
Occupancy rate 94.6 -0.7%
Units added -49 -
Units absorbed (annual) -195 -
Average size (SF) 847 -0.5%
Asking rent $831 7.0%
Effective rent $830 7.6%
Effective rent per SF $0.98 8.3%
Offering concessions 6% -64.8%
Avg. concession package 2.0% -131.0%

*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 $725 $724
1 DEN 0.7% 767 $881 $879
2 BR 44.8% 942 $898 $896
2 DEN 0.5% 1,152 $884 $866
3 BR 9.8% 1,189 $968 $967
>3 BR 1.6% 1,327 $2,014 $2,014


Read more at ALN Market News.

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

 Search NewsTalk Texas