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ALN Corpus Christi apartments Dec. 2013ALN Corpus Christi apartments Dec. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=52842014-01-13T06:48:00Z2014-01-13T00:00:00Z

CORPUS CHRISTI - ALN Apartment Data has released December 2013 apartment occupancy and effective rent data for apartments in the Corpus Christi market.

Corpus Christi Market Review
Corpus Christi Market Stabilized Market*
Dec. 
2013
Annual
Change
Occupancy rate 95.2 -0.3%
Units added -57 -
Units absorbed (annual) -118 -
Average size (SF) 847 -0.8%
Asking rent $830 6.9%
Effective rent $827 7.5%
Effective rent per SF $0.98 8.5%
Offering concessions 10% -42.2%
Avg. concession package 2.9% -68.3%

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

Floor Plan Breakdown - Corpus Christi
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 3.0% 468 $640 $640
1 BR 39.5% 665 $719 $716
1 DEN 0.7% 767 $881 $879
2 BR 44.8% 943 $896 $892
2 DEN 0.5% 1,152 $878 $861
3 BR 9.8% 1,188 $960 $959
>3 BR 1.6% 1,327 $1,950 $1,950


Read more at ALN Market News.

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

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