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Corpus Christi ALN apartments May 2013Corpus Christi ALN apartments May 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=70882013-06-13T11:03:00Z2013-06-13T06:55:00Z

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 Review
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.


Floor Plan Breakdown - Corpus Christi
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.

ALN Apartment Data
Corpus Christi
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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