Jun 14, 2013
Dallas ALN apartment data May 2013
DALLAS - ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Dallas market. *Stabilized market is everything in a market...
DALLAS – ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Dallas market.
| Dallas Market | Stabilized Market* | |
| May 2013 | Annual Change | |
| Occupancy rate | 93.7 | 0.7% |
| Units added | -282 | – |
| Units absorbed (annual) | 2,401 | – |
| Average size (SF) | 861 | -1.3% |
| Asking rent | $872 | 2.3% |
| Effective rent | $860 | 2.7% |
| Effective rent per SF | $1.00 | 4.1% |
| Offering concessions | 37% | -16.6% |
| Avg. concession package | 4.1% | -12.9% |
*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 | 2.5% | 490 | $529 | $519 |
| 1 BR | 45.4% | 686 | $666 | $654 |
| 1 DEN | 2.7% | 882 | $839 | $826 |
| 2 BR | 39.4% | 987 | $853 | $836 |
| 2 DEN | 0.9% | 1,200 | $1,109 | $1,096 |
| 3 BR | 7.4% | 1,227 | $1,057 | $1,037 |
| >3 BR | 1.6% | 1,388 | $1,728 | $1,718 |
Read more at ALN Market News.
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