San Antonio apartments 2Q 2013: Hendricks-Berkadia | San Antonio apartments 2Q 2013: Hendricks-Berkadia | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=6315 | 2013-09-18T11:20:00Z | 2013-09-17T11:00:00Z |
SAN ANTONIO - There were 1,890 apartments built in the first half of 2013 compared to 1,900 units delivered in 2012, according to Hendricks-Berkadia.
Eight properties are under construction totaling 2,460 units that are expected to be delivered by mid-2014.
Absorption trailed deliveries in the past 12 months resulting in a 70 basis point increase in vacancy to 6 percent. The vacancy rate for Class A apartments increased from 4.1 percent to 5.9 percent during this time.
There were 45,100 annualized single-family sales in the past year, a 10.4 percent increase from the prior 12-month period. Home values rose 6.2 percent during this time to a median price of $170,800.
San Antonio Multifamily 2Q 2013 / 2Q 2012 Comparison
Submarkets |
Vacancy |
Average Rent |
2Q 2013 |
2Q 2012 |
2Q 2013 |
2Q 2012 |
Airport / Northeast |
5.2% |
5.6% |
$760 |
$731 |
Bexar County / Other |
5.4% |
5.1% |
$1,078 |
$1,069 |
Central San Antonio |
8.5% |
7.5% |
$1,130 |
$1,128 |
Comal County |
5.7% |
4.7% |
$990 |
$970 |
East |
9.5% |
5.7% |
$1,061 |
$1,067 |
Far North Central |
5.7% |
5.0% |
$862 |
$854 |
Far Northeast |
6.6% |
5.9% |
$751 |
$741 |
Far Northwest |
6.4% |
6.1% |
$829 |
$805 |
Far West |
4.9% |
4.6% |
$867 |
$859 |
South |
5.6% |
3.5% |
$1,073 |
$1,030 |
Southeast |
1.0% |
1.0% |
$1,050 |
$1,038 |
Total |
6.0% |
5.3% |
$885 |
$853 |
View the full report at Hendricks-Berkadia.
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| Berkadia
| San Antonio-New Braunfels
| Multifamily
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