San Antonio multifamily 2Q 2013: Austin Investor InterestsSan Antonio multifamily 2Q 2013: Austin Investor Interestshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=67752013-07-24T19:30:00Z2013-07-23T00:00:00Z

SAN ANTONIO - During second quarter, San Antonio saw occupancy rise slightly, reaching 92.5 percent. Rental rates remained stable at 96 cents per sf, however, they are expected to hit $1 per sf within the next year.

Construction shows over 8,800 units already underway with an additional 5,500 expected to start over the next 12 months. Much of this new product remains concentrated in the outlying regions of the city.

 Quick facts from the San Antonio multifamily market:

  • Average occupancy — 93 percent
  • Average rate per sf — $0.96
  • Average sales price/unit — $60,000
Austin Investor Interests LLC
San Antonio-New Braunfels
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