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ALN: Atlanta, Austin, DFW, Houston, Phoenix, San AntonioALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=87722012-12-12T09:38:00Z2012-12-12T09:00:00Z

AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the November review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio.

For reference, Atlanta, Ga., and Phoenix, Ariz., are shown. The general overview includes properties in initial lease-up.

General Overview November 2012
 Markets Austin DFW Houston San Antonio Atlanta Phoenix
Occupancy rate 94.3 92.4 91.0 92.1 90.2 91.3
Units added 2,193 8,026 3,516 1,818 1,279 408
Units absorbed (annual) 1,945 10,357 13,601 2,965 2,795 1,798
Average size (SF) 850 861 872 833 1,018 841
Asking rent $943 $836 $841 $800 $820 $736
Effective rent $935 $822 $823 $784 $807 $717
Effective rent per SF $1.10 $0.95 $0.94 $0.94 $0.79 $0.85
Offering concessions 19% 43% 45% 40% 40% 54%
Avg. concession package 4.0% 4.6% 5.1% 5.0% 4.8% 5.4%


Read more at ALN Apartment Data.

ALN Apartment Data
Texas
Multifamily
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