Dec 3, 2013
ALN Abilene, Amarillo, Corpus Christi, Lubbock
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK - ALN Apartment Data has released the October 2013 review of occupancy, effective rent and other data for many Texas cities. *Stabilized Market is everything...
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK – ALN Apartment Data has released the October 2013 review of occupancy, effective rent and other data for many Texas cities.
| Markets | Abilene | Amarillo | Corpus Christi | Lubbock |
|---|---|---|---|---|
| Occupancy rate | 89.1 | 91.2 | 95.7 | 91.9 |
| Units added | 0 | -56 | -61 | 517 |
| Units absorbed (annual) | -285 | -80 | -96 | 403 |
| Average size (SF) | 869 | 812 | 847 | 843 |
| Asking rent | $657 | $657 | $833 | $692 |
| Effective rent | $647 | $649 | $831 | $690 |
| Effective rent per SF | $0.74 | $0.80 | $0.98 | $0.82 |
| Offering concessions | 29% | 32% | 5.0% | 13% |
| Avg. concession package | 5.6% | 4.1% | 3.5% | 4.6% |
*Stabilized Market is everything in a market except for apartments in initial lease-up.
ALN Apartment Data provides more Texas city information.
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