Jun 11, 2013
ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio
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...
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.
| 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.
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