Feb 10, 2014
ALN Corpus Christi apartments Jan. 2014
CORPUS CHRISTI - ALN Apartment Data has released January 2014 apartment occupancy and effective rent data for apartments. *Stabilized market is everything in a market except for apartments in initial...
CORPUS CHRISTI – ALN Apartment Data has released January 2014 apartment occupancy and effective rent data for apartments.
| 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.
| 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.
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