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Lubbock ALN apartment data March 2013Lubbock ALN apartment data March 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=77692013-04-05T10:57:00Z2013-04-05T00:00:00Z

LUBBOCK - ALN Apartment Data released March statistics for apartments in the Lubbock market.

Lubbock Market Review
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. 

Floor Plan Breakdown - Lubbock
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.

ALN Apartment Data
Lubbock
Multifamily
http://public.alndata.com/marketreview/lbb00a806ee0a.pdfRead more at {Source}

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