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San Antonio 3Q 2013 multifamily: TranswesternSan Antonio 3Q 2013 multifamily: Transwesternhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58322013-11-06T07:04:00Z2013-11-04T00:00:00Z

SAN ANTONIO - The multifamily sector witnessed 1,632 units absorbed during third quarter 2013, according to Transwestern's latest San Antonio Fundamentals report. 

The multifamily vacancy rate declined for the third consecutive quarter, as vacancy dipped 20 basis points to end the quarter at 7.3 percent.

San Antonio Multifamily Market Statistics
  Multifamily
Total Units
Occupancy Absorption Average Rent PSF
3Q12 3Q13 3Q12 3Q13 3Q12 3Q13
All San Antonio multifamily 130,097 93.2% 92.7% 1,522 1,632 $0.95 $0.97
Class A - 92.9% 92.0% - - $1.17 $1.18
Class B - 95.6% 94.8% - - $1.03 $1.05
Class C - 92.6% 92.4% - - $0.84 $0.86


Select sales* include:

• September 2013: Escalante, 312 units, purchased by Eaton Vance RE Investment Group, sold by Goldmark Schlossman, located in NC2.
• August 2013: Palomino, 484 units, purchased by Francis Property Management, sold by Koontz-McCombs, located in NC2.
• August 2013: Haven at Blanco, 436 units, purchased by Mid America Apartment Communities, sold by Flournoy Development Co., located in NC2.

*See maps on the full report. Multifamily begins on page 24 of the 28 page report.

See more at Southwest - San Antonio Fundamentals Report - Q3 2013.

Need more third quarter 2013 numbers? See San Antonio Market Data Sources for other commercial categories.

Transwestern
San Antonio-New Braunfels
Multifamily
http://www.transwestern.net/market-research/documents/southwest%20-%20san%20antonio%20fundamentals%20-%20q3%202013.pdfRead more at {Source}

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