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Lubbock ALN apartment data Feb. 2013Lubbock ALN apartment data Feb. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=80602013-03-05T10:15:00Z2013-03-04T07:45:00Z

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

Lubbock Market Review
Lubbock Market Same Store*
Feb. 2013 Annual
Change
Occupancy rate 91.2 0.9%
Units added 2 -
Units absorbed (annual) 127 -
Average size (SF) 849 0.2%
Asking rent $679 2.8%
Effective rent $671 3.0%
Effective rent per SF $0.79 2.9%
Offering concessions 24% -13.5%
Avg. concession package 5.1% 10.1%


*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 $450 $449
1 BR 39.9% 665 $609 $605
1 DEN 0.0% 552 $575 $575
2 BR 37.9% 955 $750 $745
3 BR 13.1% 1,244 $1,098 $1,077
>3 BR 5.9% 1,452 $1,839 $1,838


Read more at ALN Market News.

Want to know more about what's happening in Lubbock, see NewsTalk Texas.

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

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