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Lubbock ALN apartment data August 2012Lubbock ALN apartment data August 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=97072012-10-04T09:53:00Z2012-09-06T06:00:00Z

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

Lubbock Market Review
Lubbock Market Same Store*
August 2012 Annual
Change
Occupancy rate 91.9 0.8%
Units added 0 -100.0%
Units absorbed (annual) 102 -13.2%
Average size (SF) 849 0.2%
Asking rent $683 2.4%
Effective rent $675 1.6%
Effective rent per SF $0.79 1.4%
Offering concessions 19% -1.1%
Avg. concession package 5.9% 82.5%

Includes 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 $448
1 BR 39.7% 657 $591 $586
1 DEN 0.0% 552 $575 $575
2 BR 38.0% 946 $734 $729
3 BR 13.2% 1,240 $1,085 $1,064
>3 BR 6.1% 1,452 $1,873 $1,873


Read more at ALN Market News.

ALN Apartment Data
Lubbock
Multifamily
http://alndata.com/market_news.phpRead more at {Source}

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