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Houston ALN apartment data July 2013Houston ALN apartment data July 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=66392013-08-07T07:57:00Z2013-08-07T06:50:00Z

HOUSTON - ALN Apartment Data has released the July 2013 apartment occupancy, effective rent data and more for apartments in the Houston market.

Houston Market Review
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.
 

Floor Plan Breakdown - Houston
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.

ALN Apartment Data
Houston-The Woodlands-Sugar Land
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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