ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio | ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8031 | 2013-03-05T10:10:00Z | 2013-03-05T10:01:00Z |
AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the February 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 Feb. 2013
Markets |
Austin |
DFW |
Houston |
San Antonio |
Atlanta |
Phoenix |
Occupancy rate |
93.8 |
92.0 |
90.9 |
91.1 |
90.4 |
91.5 |
Units added |
3,840 |
7,454 |
4,381 |
4,080 |
1,036 |
497 |
Units absorbed (annual) |
3,999 |
9,579 |
14,030 |
4,291 |
4,582 |
1,579 |
Average size (SF) |
855 |
861 |
873 |
836 |
1,017 |
841 |
Asking rent |
$956 |
$841 |
$848 |
$809 |
$822 |
$744 |
Effective rent |
$948 |
$826 |
$830 |
$791 |
$808 |
$724 |
Effective rent per SF |
$1.11 |
$0.96 |
$0.95 |
$0.95 |
$0.79 |
$0.86 |
Offering concessions |
18% |
44% |
44% |
43% |
39% |
53% |
Avg. concession package |
3.9% |
4.6% |
5.3% |
5.1% |
5.1% |
5.8% |
Read more at ALN Apartment Data.
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| ALN Apartment Data
| Texas
| Multifamily
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