Aug 30, 2012
Corpus Christi ALN apartment July 2012
CORPUS CHRISTI - ALN Apartment Data has released July data for apartments in the Corpus Christi market. *Same store is everything in a market except for apartments in initial lease-up. ...
CORPUS CHRISTI – ALN Apartment Data has released July data for apartments in the Corpus Christi market.
| Corpus Christi Market | Same Store* | |
| July 2012 | Annual Change | |
| Occupancy rate | 95.3 | 2.7% |
| Units added | 1 | -98.3% |
| Units absorbed (annual) | 542 | 92.1% |
| Average size (SF) | 855 | -1.9% |
| Asking rent | $763 | 2.5% |
| Effective rent | $755 | 4.0% |
| Effective rent per SF | $0.88 | 6.0% |
| Offering concessions | 20% | -43.3% |
| Avg. concession package | 5.2% | -19.9% |
*Same store is everything in a market except for apartments in initial lease-up.
| Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
| Efficiency | 3.1% | 475 | $589 | $581 |
| 1 BR | 39.9% | 669 | $656 | $650 |
| 1 DEN | 0.7% | 767 | $798 | $795 |
| 2 BR | 44.4% | 948 | $839 | $832 |
| 2 DEN | 0.6% | 1,152 | $840 | $840 |
| 3 BR | 9.6% | 1,204 | $935 | $925 |
| >3 BR | 1.7% | 1,329 | $1,874 | $1,857 |
Read more at ALN Market News.
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