Galveston apartment stats Jan. 2013
GALVESTON – Multifamily statistics for the Galveston area have been provided by San Antonio-based Apartment MarketData Research.
The area’s apartments remained relatively affordable in the three months ending January 2013, as Galveston’s units averaged $0.913 per sf, compared with an average of $0.914 for the Texas metro average.
Galveston’s occupancy in units built since 2010 lagged behind the Texas metro average, with a 94.4 percent occupancy rate in the area, compared with 96.3 percent for the Texas metro average.
| Galveston | Texas Metro Average | |
|
Average rent per sf (units built 2000-2009) | $0.913 | $1.008 |
|
Average rent per sf (units built since 2010) | $0.964 | $1.160 |
| Average rent per sf** | $0.910 | $0.914 |
|
Average occupancy (units built 2000-2009) | 93.4% | 96.8% |
|
Average occupancy (units built since 2010) | 94.4% | 96.3`% |
| Average occupancy** | 92.5% | 95.5% |
| Total units built 2000-2009 | 3,866 | 362,609 |
| Total units built since 2010 | 1,312 | 40,721 |
| Total units** | 16,242 | 1,643,270 |
*Trailing three months
**Units reporting prior to 1970 through the present
For other Texas areas, see Apartment MarketData Research.
Source: Apartment MarketData Research
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