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Galveston apartment stats Jan. 2013Galveston apartment stats Jan. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=81322013-02-25T06:45:00Z2013-02-25T00:00:00Z

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 Apartment Statistics Jan. 2013*
  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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