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Corpus Christi ALN apartments Nov. 2012Corpus Christi ALN apartments Nov. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=87802012-12-13T07:30:00Z2012-12-12T00:00:00Z

CORPUS CHRISTI - ALN Apartment Data has released November data for apartments in the Corpus Christi market.

Corpus Christi Market Review
Corpus Christi Market Same Store*
Nov. 2012 Annual
Change
Occupancy rate 95.9 1.9%
Units added -4 -106.7%
Units absorbed (annual) 382 -48.6%
Average size (SF) 855 -0.7%
Asking rent $776 5.1%
Effective rent $771 7.1%
Effective rent per SF $0.90 7.9%
Offering concessions 16% -58.3%
Avg. concession package 4.5% -28.8%


*Same store is everything in a market except for apartments in initial lease-up. 


Floor Plan Breakdown - Corpus Christi
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 3.1% 475 $618 $612
1 BR 39.9% 669 $669 $665
1 DEN 0.7% 767 $808 $805
2 BR 44.5% 948 $843 $838
2 DEN 0.6% 1,152 $851 $832
3 BR 9.6% 1,204 $952 $944
>3 BR 1.7% 1,326 $1,901 $1,883


Read more at ALN Market News.

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

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