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Corpus Christi ALN apartment August 2012Corpus Christi ALN apartment August 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=97082012-09-06T15:33:00Z2012-09-06T00:00:00Z

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

Corpus Christi Market Review
Corpus Christi Market Same Store*
Aug. 2012 Annual
Change
Occupancy rate 95.7 2.8%
Units added 1 -98.3%
Units absorbed (annual) 569 66.4%
Average size (SF) 855 -1.9%
Asking rent $765 2.3%
Effective rent $759 3.9%
Effective rent per SF $0.89 6.0%
Offering concessions 17% -55.5%
Avg. concession package 4.9% -17.2%


*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 $591 $585
1 BR 39.9% 669 $658 $653
1 DEN 0.7% 767 $792 $789
2 BR 44.5% 948 $835 $829
2 DEN 0.6% 1,152 $840 $840
3 BR 9.6% 1,204 $939 $932
>3 BR 1.7% 1,329 $1,874 $1,865


Read more at ALN Market News.

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

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