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Lubbock ALN apartment data July 2013Lubbock ALN apartment data July 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=66542013-08-07T11:22:00Z2013-08-06T00:00:00Z

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

Lubbock Market Review
Lubbock Market Stabilized Market*
July 2013 Annual
Change
Occupancy rate 90.9 0.7%
Units added 462 -
Units absorbed (annual) 513 -
Average size (SF) 843 0%
Asking rent $681 1.6%
Effective rent $675 2.1%
Effective rent per SF $0.80 1.9%
Offering concessions 17% -6.2%
Avg. concession package 6.9% 8.4%

*Stabilized market is everything in a market except for apartments in initial lease-up.
 

Floor Plan Breakdown - Lubbock
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 3.1% 394 $463 $461
1 BR 39.7% 663 $606 $602
1 DEN 0.0% 552 $600 $600
2 BR 38.2% 951 $768 $761
3 BR 12.8% 1,246 $1,049 $1,044
>3 BR 6.1% 1,460 $1,710 $1,710


Read more at ALN Market News. Remember, see Lubbock NewsTalk Texas and Lubbock Market Data Sources!

ALN Apartment Data
Lubbock
Multifamily
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