May 28, 2013
San Antonio 1Q 2013 multifamily market statistics
SAN ANTONIO - The rental market remains robust in San Antonio, according to the first quarter 2013 report issued by Transwestern. Select sales of note include: • January 2013, Fairmarc, 288...
SAN ANTONIO – The rental market remains robust in San Antonio, according to the first quarter 2013 report issued by Transwestern.
| Multifamily Total Units | Occupancy | Absorption | Average Rent PSF | ||||
| 1Q12 | 1Q13 | 1Q12 | 1Q13 | 1Q12 | 1Q13 | ||
| All San Antonio Multifamily | 127,520 | 92.3% | 92.4% | 1,606 | 1,092 | $0.91 | $0.96 |
| Class A | – | 91.5% | 91.3% | – | – | $1.11 | $1.17 |
| Class B | – | 95.0% | 94.8% | – | – | $0.98 | $1.05 |
| Class C | – | 91.8% | 92.2% | – | – | $0.81 | $0.85 |
Select sales of note include:
• January 2013, Fairmarc, 288 units, purchased by Steadfast Income REIT, sold by American Opportunity for Housing, located in FNW.
• March 2013, Eilan, 539 Units, purchased by Lone Star Funds, sold by Wereldhave USA, located in FNW.
• March 2013, Churchill Park, 392 units, purchased by SGI Partners, sold by InterUrban Corporation, located in NC2.
Read more at Transwestern 1Q 2013 Fundamentals Report.
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