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Lubbock ALN apartment data Jan. 2013Lubbock ALN apartment data Jan. 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=82742013-02-12T08:59:00Z2013-02-12T00:00:00Z

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

Lubbock Market Review
Lubbock Market Same Store*
Jan. 2013 Annual
Change
Occupancy rate 90.9 0.3%
Units added 2 -86.7%
Units absorbed (annual) 47 -112.9%
Average size (SF) 847 0.2%
Asking rent $681 3.4%
Effective rent $670 3.2%
Effective rent per SF $0.79 3.0%
Offering concessions 28% -4.9%
Avg. concession package 5.5% 20.3%


*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 3.3% 392 $454 $452
1 BR 39.8% 661 $603 $598
1 DEN 0.0% 552 $575 $575
2 BR 37.7% 951 $749 $740
3 BR 13.2% 1,245 $1,102 $1,081
>3 BR 6.0% 1,452 $1,837 $1,836


Read more at ALN Market News.

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

ALN Apartment Data
Lubbock
Multifamily
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