Apr 5, 2013
Lubbock ALN apartment data March 2013
LUBBOCK - ALN Apartment Data released March statistics for apartments in the Lubbock market. *Same store is everything in a market except for apartments in initial lease-up. Read more at...
LUBBOCK – ALN Apartment Data released March statistics for apartments in the Lubbock market.
| Lubbock Market | Same Store* | |
| March 2013 | Annual Change | |
| Occupancy rate | 90.8 | 0.5% |
| Units added | 164 | – |
| Units absorbed (annual) | 215 | – |
| Average size (SF) | 847 | -1.8% |
| Asking rent | $682 | 0.6% |
| Effective rent | $673 | 0.6% |
| Effective rent per SF | $0.79 | 2.4% |
| Offering concessions | 26% | 0% |
| Avg. concession package | 5.4% | 25.2% |
*Same store 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 | 3.2% | 394 | $453 | $450 |
| 1 BR | 40.0% | 664 | $612 | $607 |
| 1 DEN | 0.0% | 552 | $600 | $600 |
| 2 BR | 38.0% | 952 | $754 | $747 |
| 3 BR | 13.0% | 1,244 | $1,103 | $1,084 |
| >3 BR | 5.9% | 1,452 | $1,847 | $1,846 |
Read more at ALN Market News.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.