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Lubbock ALN apartment data Sept. 2012Lubbock ALN apartment data Sept. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=93392012-10-11T07:19:00Z2012-10-11T00:00:00Z

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

Lubbock Market Review
Lubbock Market Same Store*
Sept. 2012 Annual
Change
Occupancy rate 93.1 2.4%
Units added 0 -100.0%
Units absorbed (annual) 320 306.1%
Average size (SF) 849 0.2%
Asking rent $684 2.3%
Effective rent $677 1.8%
Effective rent per SF $0.80 1.6%
Offering concessions 20% 18.7%
Avg. concession package 5.1% 34.7%


*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 $449 $449
1 BR 39.8% 657 $592 $589
1 DEN 0.0% 552 $575 $575
2 BR 38.0% 945 $736 $731
3 BR 13.2% 1,240 $1,091 $1,067
>3 BR 6.1% 1,452 $1,873 $1,865


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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