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San Antonio apartment forecast 2013: Hendricks-PartnersSan Antonio apartment forecast 2013: Hendricks-Partnershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=81362013-02-22T07:31:00Z2013-02-22T08:00:00Z

SAN ANTONIO - Local apartment demand echoed trends seen in the single-family arena, with net apartment move-ins rising to 6,300 units in 2012, the highest annual total on record.

Apartment completions rose to a three-year high of 3,010 units, more than twice the year-ago total of 1,160 units.

Forecast for 2013: Apartment demand will remain strong, with new jobs and the need for temporary housing for energy company employees supporting leasing activity. However, absorption will moderate from its record-setting pace of 2012, trending down to just below 4,000 units in 2013 and 1,950 units in 2014.

Apartment deliveries will total approximately 3,400 units this year, softening to about half that supply growth recorded during the following year.

San Antonio Multifamily
2012 / 2011 Vacancy and Rent
Submarkets
48+ Units
Vacancy Average Rent
2012 2011 2012 2011
Central 2.1% 3.6% $715 $682
North 2.4% 5.2% $790 $782
Northeast 1.9% 5.0% $784 $775
East 2.2% 7.3% $685 $673
Southwest 2.4% 3.8% $702 $701
West 2.9% 8.1% $585 $575
Boerne / Kerrville 1.3% 3.6% $707 $702
New Braunfels / Seguin 4.2% 2.3% $812 $821
Totals 2.5% 5.0% $746 $737


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Berkadia
San Antonio-New Braunfels
Multifamily
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