Jun 13, 2013
Corpus Christi ALN apartments May 2013
CORPUS CHRISTI - ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Corpus Christi market. *Stabilized market is everything in...
CORPUS CHRISTI – ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Corpus Christi market.
Corpus Christi Market | Stabilized Market* | |
May 2013 | Annual Change | |
Occupancy rate | 96.1 | 0.7% |
Units added | -61 | – |
Units absorbed (annual) | 85 | – |
Average size (SF) | 853 | -1.0% |
Asking rent | $794 | 5.1% |
Effective rent | $789 | 6.0% |
Effective rent per SF | $0.93 | 7.1% |
Offering concessions | 12% | -55.6% |
Avg. concession package | 4.7% | -17.9% |
*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 | 3.0% | 468 | $616 | $614 |
1 BR | 39.8% | 663 | $681 | $677 |
1 DEN | 0.7% | 767 | $855 | $855 |
2 BR | 44.7% | 943 | $857 | $853 |
2 DEN | 0.5% | 1,152 | $851 | $832 |
3 BR | 9.7% | 1,198 | $950 | $944 |
>3 BR | 1.7% | 1,326 | $1,902 | $1,896 |
Read more at ALN Market News.
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