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Lubbock ALN apartment data Nov. 2012Lubbock ALN apartment data Nov. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=87622012-12-13T07:21:00Z2012-12-13T00:00:00Z

LUBBOCK - ALN Apartment Data has released November data for apartments in the Lubbock market.

Lubbock Market Review
Lubbock Market Same Store*
Nov. 2012 Annual
Change
Occupancy rate 92.1 0.7%
Units added 0 -100.0%
Units absorbed (annual) 97 46.0%
Average size (SF) 854 0.2%
Asking rent $698 2.8%
Effective rent $685 2.7%
Effective rent per SF $0.80 2.5%
Offering concessions 29% 7.1%
Avg. concession package 5.7% 0.2%


*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 3.0% 395 $453 $450
1 BR 40.0% 660 $601 $594
1 DEN 0.0% 552 $575 $575
2 BR 37.7% 952 $750 $739
3 BR 13.2% 1,245 $1,098 $1,076
>3 BR 6.1% 1,452 $1,834 $1,833


Read more at ALN Market News.

ALN Apartment Data
Lubbock
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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