Feb 8, 2013
Amarillo ALN apartment Jan. 2013
AMARILLO - ALN Apartment Data released January apartment statistics in the Amarillo market. *Same store is everything in a market except for apartments in initial lease-up. Read more at ALN Market...
AMARILLO – ALN Apartment Data released January apartment statistics in the Amarillo market.
Amarillo Market | Same Store* | |
Jan. 2013 | Annual Change | |
Occupancy rate | 89.8 | -1.1% |
Units added | 41 | 720.0% |
Units absorbed (annual) | -69 | -231.2% |
Average size (SF) | 817 | -0.1% |
Asking rent | $649 | 2.5% |
Effective rent | $639 | 3.4% |
Effective rent per SF | $0.78 | 3.5% |
Offering concessions | 35% | -7.4% |
Avg. concession package | 4.7% | -20.8% |
*Same store is everything in a market except for apartments in initial lease-up.
Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
Efficiency | 3.0% | 483 | $479 | $474 |
1 BR | 45.7% | 666 | $563 | $553 |
1 DEN | 1.4% | 770 | $700 | $693 |
2 BR | 40.3% | 949 | $720 | $712 |
2 DEN | 0.6% | 1,145 | $1,009 | $1,009 |
3 BR | 8.4% | 1,211 | $808 | $800 |
>3 BR | 0.6% | 1,363 | $787 | $787 |
Read more at ALN Market News.
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