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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=73842013-05-15T09:33:00Z2013-05-15T09:00:00Z

AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the March 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 April 2013
 Markets Austin DFW Houston San Antonio Atlanta Phoenix
Occupancy rate 93.7 92.5 91.6 90.6 91.0 92.4
Units added 3,170 7,211 3,465 4,198 470 38
Units absorbed (annual) 1,722 7,304 11,491 2,393 2,500 1,696
Average size (SF) 855 861 873 838 1,016 841
Asking rent $971 $852 $856 $816 $831 $748
Effective rent $965 $837 $840 $801 $818 $730
Effective rent per SF $1.13 $0.97 $0.96 $0.96 $0.81 $0.87
Offering concessions 16% 41% 40% 41% 37% 51%
Avg. concession package 4.2% 4.3% 5.2% 4.5% 4.8% 5.3%


Read more at ALN Apartment Data.

Want more multifamily news? See Austin's Market Data Sources or all 25 Texas MSAs.

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