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ALN: Atlanta, Austin, DFW, Houston, Phoenix, San AntonioALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=71222013-06-12T08:15:00Z2013-06-11T10:00:00Z

AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the May review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio.

For reference, Atlanta, Ga., and Phoenix, Ariz., are shown. The general overview includes properties in initial lease-up.

General Overview May 2013
Markets Austin DFW Houston San Antonio Atlanta Phoenix
Occupancy rate 94.0 92.6 91.9 91.2 91.3 92.2
Units added 3,496 5,728 2,222 3,217 -299 38
Units absorbed (annual) 2,203 5,402 9,381 2,040 1,953 1,294
Average size (SF) 855 861 873 838 1,016 841
Asking rent $980 $858 $861 $817 $834 $750
Effective rent $975 $845 $845 $801 $823 $733
Effective rent per SF $1.14 $0.98 $0.97 $0.96 $0.81 $0.87
Offering concessions 14% 39% 38% 42% 36% 51%
Avg. concession package 4.1% 4.3% 5.2% 4.5% 4.6% 5.2%

Read more at ALN Apartment Data.

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

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