Aug 8, 2013
Amarillo ALN apartment July 2013
AMARILLO - ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Amarillo market. *Stabilized Market is everything in a market...
AMARILLO – ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Amarillo market.
Amarillo Market | Stabilized Market* | |
July 2013 | Annual Change | |
Occupancy rate | 91.0 | 0.1% |
Units added | 41 | – |
Units absorbed (annual) | 50 | – |
Average size (SF) | 816 | 0.5% |
Asking rent | $650 | 1.2% |
Effective rent | $636 | 0.9% |
Effective rent per SF | $0.78 | 0.5% |
Offering concessions | 45% | 61.1% |
Avg. concession package | 4.8% | -51.5% |
*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 | 2.5% | 477 | $469 | $454 |
1 BR | 45.0% | 664 | $566 | $552 |
1 DEN | 1.4% | 770 | $669 | $643 |
2 BR | 40.4% | 947 | $723 | $708 |
2 DEN | 0.6% | 1,145 | $969 | $888 |
3 BR | 9.1% | 1,212 | $806 | $796 |
>3 BR | 1.1% | 1,303 | $1,136 | $1,117 |
Read more at ALN Market News.
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