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Corpus Christi ALN apartments March 2013Corpus Christi ALN apartments March 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=77842013-04-04T08:24:00Z2013-04-04T00:00:00Z

CORPUS CHRISTI - ALN Apartment Data has released March data for apartments in the Corpus Christi market.

Corpus Christi Market Review
Corpus Christi Market Same Store*
March 2013 Annual
Change
Occupancy rate 95.5 2.1%
Units added -4 -
Units absorbed (annual) 428 -
Average size (SF) 853 -0.8%
Asking rent $783 5.2%
Effective rent $778 6.4%
Effective rent per SF $0.91 7.3%
Offering concessions 14% -57.9%
Avg. concession package 4.8% -8.6%

*Same store is everything in a market except for apartments in initial lease-up. 


Floor Plan Breakdown - Corpus Christi
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 2.9% 469 $610 $608
1 BR 39.7% 664 $675 $671
1 DEN 0.7% 767 $817 $817
2 BR 44.9% 943 $844 $839
2 DEN 0.5% 1,152 $851 $832
3 BR 9.7% 1,199 $938 $931
>3 BR 1.7% 1,326 $1,902 $1,893


Read more at ALN Market News.

ALN Apartment Data
Corpus Christi
Multifamily
http://public.alndata.com/marketreview/crp6c1bf2b591.pdfRead more at {Source}

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