Aug 7, 2013
Corpus Christi ALN apartments July 2013
CORPUS CHRISTI - ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Corpus Christi market. *Stabilized market is everything in...
CORPUS CHRISTI – ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Corpus Christi market.
Corpus Christi Market | Stabilized Market* | |
July 2013 | Annual Change | |
Occupancy rate | 95.5 | 0% |
Units added | -61 | – |
Units absorbed (annual) | -51 | – |
Average size (SF) | 850 | -0.4% |
Asking rent | $810 | 6.2% |
Effective rent | $808 | 7.0% |
Effective rent per SF | $0.95 | 7.6% |
Offering concessions | 6% | -69.3% |
Avg. concession package | 4.6% | -12.9% |
*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% | 468 | $629 | $626 |
1 BR | 39.6% | 663 | $697 | $695 |
1 DEN | 0.7% | 767 | $856 | $856 |
2 BR | 44.8% | 943 | $868 | $866 |
2 DEN | 0.5% | 1,152 | $862 | $841 |
3 BR | 9.8% | 1,197 | $953 | $951 |
>3 BR | 1.7% | 1,326 | $1,952 | $1,952 |
Read more at ALN Market News. Check Corpus Christi NewsTalk Texas that’s FREE and NO ADVERTISING.
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