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ALN Lubbock apartments Dec. 2013ALN Lubbock apartments Dec. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=52962014-01-10T07:50:00Z2014-01-10T00:00:00Z

LUBBOCK - ALN Apartment Data released December 2013 apartment occupancy, effective rent and more data for apartments in the Lubbock market.

Lubbock Market Review
Lubbock Market Stabilized Market*
Dec. 
2013
Annual
Change
Occupancy rate 92.0 1.1%
Units added 224 -
Units absorbed (annual) 358 -
Average size (SF) 842 -0.1%
Asking rent $683 1.7%
Effective rent $678 3.0%
Effective rent per SF $0.80 3.2%
Offering concessions 19% -38.5%
Avg. concession package 4.0% -53.0%

*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 $464 $463
1 BR 39.3% 663 $622 $617
1 DEN 0.0% 755 $600 $600
2 BR 37.9% 955 $794 $790
3 BR 12.7% 1,249 $1,090 $1,088
>3 BR 6.9% 1,526 $1,874 $1,873


Read more at ALN Market News. Be sure to check out Lubbock Market Data Sources. Is there data missing? If you have it, please contact the Real Estate Center at mdata@recenter.tamu.edu

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

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