{{titleBar.title}}

{{titleBar.tagline}}

 

 

ALN Lubbock apartment data April 2015ALN Lubbock apartment data April 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8882015-05-28T13:32:00Z2015-05-28T09:00:00Z

LUBBOCK - ALN Apartment Data released April 2015 apartment occupancy, effective rent and more data for apartments.

Lubbock Market Review
Lubbock Market Stabilized Market*
Apr.
2015
Annual
Chg.
Occupancy rate 91.7 -0.4%
Units added 193 -
Units absorbed (annual) -32 -
Average size (SF) 846 0.1%
Asking rent $718 3.3%
Effective rent $714 3.3%
Effective rent per SF $0.84 3.2%
Offering concessions 14% -6.6%
Avg. concession package 3.5% -19.8%


*Stabilized market 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 2.9% 391 $496 $495
1 BR 39.3% 667 $655 $652
1 DEN 0.0% 755 $650 $650
2 BR 37.8% 956 $820 $817
3 BR 12.6% 1,248 $1,091 $1,089
>3 BR 7.3% 1,553 $1,972 $1,972


Read more at ALN Market News.

See the full report: Lubbock Apartment Monthly Review Apr. 2015

Be sure to check out Lubbock Market Research.

ALN Apartment Data
Lubbock
Multifamily
http://www.alndata.com/market-news/Read more at {Source}

 Search NewsTalk Texas