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Lubbock ALN apartment data May 2013Lubbock ALN apartment data May 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=70642013-06-17T06:48:00Z2013-06-17T00:00:00Z

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

Lubbock Market Review
Lubbock Market Stabilized Market*
May 2013 Annual
Change
Occupancy rate 91.3 -0.6%
Units added 171 -
Units absorbed (annual) 81 -
Average size (SF) 845 -1.8%
Asking rent $681 -0.7%
Effective rent $671 -0.7%
Effective rent per SF $0.79 1.1%
Offering concessions 20% 4.7%
Avg. concession package 6.6% 7.1%

*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 $461 $459
1 BR 40.1% 664 $607 $603
1 DEN 0.0% 552 $600 $600
2 BR 37.9% 950 $754 $745
3 BR 13.0% 1,243 $1,051 $1,034
>3 BR 5.9% 1,450 $1,681 $1,680


Read more at ALN Market News.

ALN Apartment Data
Lubbock
Multifamily
http://alndata.com/%5cmarket_news.phpRead more at {Source}

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