Sep 10, 2013
ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio
AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released August 2013 review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio. For...
AUSTIN, DFW, HOUSTON, SAN ANTONIO – ALN Apartment Data has released August 2013 review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio.
For reference, Atlanta, Ga., and Phoenix, Ariz., are shown. The general overview includes properties in initial lease-up.
| Markets | Austin | DFW | Houston | San Antonio | Atlanta | Phoenix |
| Occupancy rate | 94.2 | 93.0 | 92.2 | 92.0 | 92.1 | 92.3 |
| Units added | 3,131 | 12,296 | 5,070 | 2,617 | 1,852 | 1,013 |
| Units absorbed (annual) | 1,947 | 12,864 | 11,265 | 1,636 | 5,828 | 2,353 |
| Average size (SF) | 853 | 860 | 872 | 834 | 1,014 | 839 |
| Asking rent | $1,012 | $870 | $878 | $821 | $853 | $757 |
| Effective rent | $1,008 | $859 | $865 | $805 | $843 | $742 |
| Effective rent per SF | $1.18 | $1.00 | $0.99 | $0.96 | $0.83 | $0.88 |
| Offering concessions | 14% | 36% | 35% | 42% | 34% | 50% |
| Avg. concession package | 3.5% | 4.2% | 4.7% | 4.6% | 4.4% | 4.6% |
Read more at ALN Apartment Data.
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