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Corpus Christi ALN apartment July 2012Corpus Christi ALN apartment July 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=97872012-08-30T11:12:00Z2012-08-30T11:00:00Z

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

Corpus Christi Market Review
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. 


Floor Plan Breakdown - Corpus Christi
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.

ALN Apartment Data
Corpus Christi
Multifamily
http://www.alnsystems.com/marketreview/crp6c1bf2b591.pdfRead more at {Source}

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