SAN ANTONIO - San Antonio is finally seeing stronger rent growth. Effective rents grew 1.5 percent in first quarter 2015 to an average of $863 per unit.
In addition, the market absorbed over 1,400 net rented units in 1Q 2015, bringing occupancy up to 89.7 percent from 89.4 percent at the end of 2014.
In the last 12 months, the San Antonio area has had an increase of over 5,800 net rented units.
Stabilized properties saw healthy gains in absorption and rents for the quarter as well.
Source: ALN Apartment Data
See Texas Multifamily ALN 1Q 2015 for the full report. See the April 2015 San Antonio report from ALN
Looking for more stats? San Antonio-New Braunfels Market Research, San Antonio NewsTalk
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