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Corpus Christi ALN apartments Oct. 2012Corpus Christi ALN apartments Oct. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=91362012-11-02T06:49:00Z2012-11-02T00:00:00Z

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

Corpus Christi Market Review
Corpus Christi Market Same Store*
Oct. 2012 Annual
Change
Occupancy rate 95.9 2.1%
Units added 1 -98.3%
Units absorbed (annual) 430 -17.8%
Average size (SF) 855 -0.7%
Asking rent $772 4.1%
Effective rent $768 6.4%
Effective rent per SF $0.90 7.1%
Offering concessions 14% -66.5%
Avg. concession package 4.0% -31.4%


*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 $611 $605
1 BR 39.9% 669 $667 $663
1 DEN 0.7% 767 $806 $803
2 BR 44.5% 948 $840 $836
2 DEN 0.6% 1,152 $845 $845
3 BR 9.6% 1,204 $947 $945
>3 BR 1.7% 1,329 $1,877 $1,873


Read more at ALN Market News.

ALN Apartment Data
Corpus Christi
Multifamily
http://public.alndata.com/marketreview/crp6c1bf2b591.pdfRead more at {Source}

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