Nov 16, 2012
ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio
AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the October review of occupancy, effective rent and more for Austin, Dallas-Fort Worth (DFW), Houston and San Antonio. For...
AUSTIN, DFW, HOUSTON, SAN ANTONIO – ALN Apartment Data has released the October 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.
| Markets | Austin | DFW | Houston | San Antonio | Atlanta | Phoenix |
| Occupancy rate | 94.1 | 92.5 | 90.9 | 92.4 | 90.6 | 91.5 |
| Units added | 2,461 | 8,761 | 3,147 | 1,862 | 1,715 | 1,518 |
| Units absorbed (annual) | 932 | 10,076 | 13,458 | 2,775 | 2,607 | 3,126 |
| Average size (SF) | 851 | 861 | 871 | 832 | 1,018 | 841 |
| Asking rent | $944 | $836 | $837 | $800 | $821 | $737 |
| Effective rent | $938 | $822 | $819 | $784 | $808 | $717 |
| Effective rent per SF | $1.10 | $0.95 | $0.94 | $0.94 | $0.79 | $0.85 |
| Offering concessions | 18% | 44% | 45% | 42% | 40% | 56% |
| Avg. concession package | 3.8% | 4.4% | 5.0% | 4.8% | 4.8% | 5.3% |
Read more at ALN Apartment Data.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.
