Oct 28, 2013
Lubbock ALN apartment data Sept. 2013
Lubbock - ALN Apartment Data has released September 2013 apartment occupancy, effective rent data and more for apartments in the Lubbock market. *Stabilized market is everything in a market except...
Lubbock – ALN Apartment Data has released September 2013 apartment occupancy, effective rent data and more for apartments in the Lubbock market.
| 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.
| 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!
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