Oct 9, 2012
Abilene, Amarillo, Corpus, Lubbock ALN Sept. 2012
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK - ALN has released the September 2012 review of occupancy, effective rent data and more for Abilene, Amarillo, Corpus Christi and Lubbock. The general overview...
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK – ALN has released the September 2012 review of occupancy, effective rent data and more for Abilene, Amarillo, Corpus Christi and Lubbock. The general overview includes properties in initial lease-up.
| Markets | Abilene | Amarillo | Corpus Christi | Lubbock |
| Occupancy rate | 94.4 | 91.3 | 96.1 | 93.1 |
| Units added | 405 | 0 | 1 | 0 |
| Units absorbed (annual) | 469 | 86 | 604 | 320 |
| Average size (SF) | 869 | 814 | 855 | 849 |
| Asking rent | $640 | $648 | $722 | $684 |
| Effective rent | $635 | $636 | $766 | $677 |
| Effective rent per SF | $0.73 | $0.78 | $0.90 | $0.80 |
| % Offering concessions | 16% | 32% | 14% | 20% |
| Avg. concession package | 5.5% | 5.5% | 5.1% | 5.1% |
Read more at ALN Apartment Data.
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