Oct 29, 2013
Abilene ALN apartment data Sept. 2013
ABILENE - ALN Apartment Data has released September 2013 apartment occupancy and effective rent data for apartments in the Abilene market. *Stabilized market is everything in a market except for apartments...
ABILENE – ALN Apartment Data has released September 2013 apartment occupancy and effective rent data for apartments in the Abilene market.
| Abilene Market | Stabilized Market* | |
| Sept. 2013 | Annual Change | |
| Occupancy rate | 89.2 | -5.5% |
| Units added | 55 | – |
| Units absorbed (annual) | -289 | – |
| Average size (SF) | 869 | 0% |
| Asking rent | $656 | 2.4% |
| Effective rent | $643 | 1.3% |
| Effective rent per SF | $0.74 | 0.7% |
| Offering concessions | 32% | 100.0% |
| Avg. concession package | 5.3% | -5.0% |
*Stabilized market is everything in a market except for apartments in initial lease-up.
| Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
| Efficiency | 2.6% | 468 | $477 | $464 |
| 1 BR | 35.1% | 652 | $547 | $535 |
| 1 DEN | 2.5% | 818 | $669 | $652 |
| 2 BR | 46.9% | 971 | $700 | $690 |
| 2 DEN | 0.1% | 1,296 | $570 | $570 |
| 3 BR | 12.1% | 1,274 | $942 | $928 |
| >3 BR | 0.7% | 908 | $1,515 | $1,505 |
Read more at ALN Market News.
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