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ALN: Atlanta, Austin, DFW, Houston, Phoenix, San AntonioALN: Atlanta, Austin, DFW, Houston, Phoenix, San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=93642012-10-10T06:52:00Z2012-10-10T00:00:00Z

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
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