ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio | ALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antonio | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=9364 | 2012-10-10T06:52:00Z | 2012-10-10T00:00:00Z |
AUSTIN, DFW, HOUSTON, SAN ANTONIO - ALN Apartment Data has released the September 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.
General Overview September 2012
Markets |
Austin |
DFW |
Houston |
San Antonio |
Atlanta |
Phoenix |
Occupancy rate |
96.4 |
92.7 |
90.8 |
92.4 |
90.8 |
91.7 |
Units added |
1,826 |
6,329 |
2,120 |
1,528 |
1,525 |
892 |
Units absorbed (annual) |
3,968 |
9,073 |
11,168 |
2,346 |
2,776 |
2,548 |
Average size (SF) |
851 |
861 |
872 |
832 |
1,017 |
841 |
Asking rent |
$945 |
$836 |
$835 |
$800 |
$824 |
$735 |
Effective rent |
$939 |
$822 |
$818 |
$784 |
$811 |
$715 |
Effective rent per SF |
$1.10 |
$0.95 |
$0.94 |
$0.94 |
$0.80 |
$0.85 |
Offering concessions |
20% |
43% |
46% |
43% |
39% |
55% |
Avg. concession package |
3.2% |
4.3% |
5.0% |
4.7% |
4.7% |
5.4% |
Read more at ALN Apartment Data.
| ALN Apartment Data
| Texas
| Multifamily
| http://alndata.com/market_news.php | | | | Read more at {Source} |