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Lubbock ALN apartment data Oct. 2012Lubbock ALN apartment data Oct. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=91352012-11-02T06:46:00Z2012-11-02T00:00:00Z

LUBBOCK - ALN Apartment Data has released October data for apartments in the Lubbock market.

Lubbock Market Review
Lubbock Market Same Store*
Oct. 2012 Annual
Change
Occupancy rate 92.4 1.2%
Units added 0 -100.0%
Units absorbed (annual) 162 145.9%
Average size (SF) 852 0.2%
Asking rent $691 3.1%
Effective rent $682 2.8%
Effective rent per SF $0.80 2.6%
Offering concessions 26% 33.8%
Avg. concession package 5.5% 3.7%


*Same store 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 3.0% 394 $451 $451
1 BR 39.8% 658 $596 $592
1 DEN 0.0% 552 $575 $575
2 BR 37.8% 949 $747 $739
3 BR 13.3% 1,241 $1,095 $1,073
>3 BR 6.2% 1,452 $1,846 $1,845


Read more at ALN Market News.

ALN Apartment Data
Lubbock
Multifamily
http://public.alndata.com/marketreview/lbb00a806ee0a.pdfRead more at {Source}

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