Aug 7, 2013
Houston ALN apartment data July 2013
HOUSTON - ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Houston market. *Stabilized market is everything in a market...
HOUSTON – ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Houston market.
| Houston Market | Stabilized Market* | |
| July 2013 | Annual Change | |
| Occupancy rate | 92.7 | 2.1% |
| Units added | 362 | – |
| Units absorbed (annual) | 9,630 | – |
| Average size (SF) | 871 | 0.1% |
| Asking rent | $863 | 4.2% |
| Effective rent | $849 | 4.9% |
| Effective rent per SF | $0.98 | 4.9% |
| Offering concessions | 36% | -24.4% |
| Avg. concession package | 4.8% | -10.4% |
*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 | 2.1% | 499 | $577 | $566 |
| 1 BR | 47.1% | 706 | $753 | $741 |
| 1 DEN | 3.4% | 896 | $986 | $971 |
| 2 BR | 39.0% | 1,019 | $949 | $935 |
| 3 BR | 6.8% | 1,267 | $1,081 | $1,067 |
| >3 BR | 0.7% | 1,359 | $1,048 | $1,036 |
Read more at ALN Market News.
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