Jun 12, 2013
Abilene ALN apartment data May 2013
ABILENE - ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Abilene market. *Stabilized market is everything in a market...
ABILENE – ALN Apartment Data has released the May 2013 apartment occupancy, effective rent data and more for apartments in the Abilene market.
Abilene Market | Stabilized Market* | |
May 2013 | Annual Change | |
Occupancy rate | 90.8 | 1.4% |
Units added | 405 | – |
Units absorbed (annual) | 291 | – |
Average size (SF) | 871 | 5.0% |
Asking rent | $659 | 7.7% |
Effective rent | $648 | 8.4% |
Effective rent per SF | $0.74 | 3.2% |
Offering concessions | 27% | -16.7% |
Avg. concession package | 5.5% | -13.5% |
*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 | 2.6% | 468 | $473 | $469 |
1 BR | 35.2% | 649 | $544 | $533 |
1 DEN | 2.5% | 818 | $652 | $644 |
2 BR | 46.7% | 967 | $703 | $696 |
2 DEN | 0.1% | 1,296 | $570 | $523 |
3 BR | 12.4% | 1,252 | $924 | $911 |
>3 BR | 0.6% | 873 | $1,636 | $1,636 |
Read more at ALN Market News.
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