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Corpus Christi ALN apartments Sept. 2012Corpus Christi ALN apartments Sept. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=93632012-10-10T06:51:00Z2012-10-10T00:00:00Z

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

Corpus Christi Market Review
Corpus Christi Market Same Store*
Sept. 2012 Annual
Change
Occupancy rate 96.1 3.0%
Units added 1 -98.3%
Units absorbed (annual) 604 55.8%
Average size (SF) 855 -0.5%
Asking rent $772 4.3%
Effective rent $766 6.1%
Effective rent per SF $0.90 6.6%
Offering concessions 14% -63.5%
Avg. concession package 5.1% -14.5%


*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 $614 $609
1 BR 39.9% 669 $669 $664
1 DEN 0.7% 767 $799 $796
2 BR 44.5% 948 $838 $833
2 DEN 0.6% 1,152 $840 $840
3 BR 9.6% 1,204 $945 $941
>3 BR 1.7% 1,329 $1,874 $1,871


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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