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Lubbock ALN apartment data Sept. 2013Lubbock ALN apartment data Sept. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=59012013-10-28T09:47:00Z2013-10-28T00:00:00Z

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

Lubbock Market Review
Lubbock Market Stabilized Market*
Sept.
2013
Annual
Change
Occupancy rate 92.4 -0.8%
Units added 581 -
Units absorbed (annual) 427 -
Average size (SF) 843 -0.1%
Asking rent $695 3.4%
Effective rent $692 4.1%
Effective rent per SF $0.82 3.9%
Offering concessions 13% -35.3%
Avg. concession package 6.0% 12.4%

*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 3.0% 387 $467 $467
1 BR 39.7% 663 $625 $624
1 DEN 0.0% 552 $600 $600
2 BR 38.3% 954 $785 $779
3 BR 12.7% 1,248 $1,080 $1,075
>3 BR 6.2% 1,460 $1,820 $1,791


Read more at ALN Market News. Fast facts for your report at Lubbock NewsTalk Texas and Lubbock Market Data Sources!

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

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