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Lubbock ALN apartment data July 2012Lubbock ALN apartment data July 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=98282012-08-28T06:34:00Z2012-08-28T00:00:00Z

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

Lubbock Market Review
Lubbock Market Same Store*
July 2012 Annual
Change
Occupancy rate 90.5 -1.5%
Units added 45 -61.2%
Units absorbed (annual) -168 -165.9%
Average size (SF) 843 0.1%
Asking rent $686 2.9%
Effective rent $677 2.3%
Effective rent per SF $0.80 2.2%
Offering concessions 19% -19.9%
Avg. concession package 6.2% 73.0%


*Same store is everything in a market except for 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 40.2% 656 $590 $585
1 DEN 0.0% 552 $575 $575
2 BR 37.8% 946 $725 $718
3 BR 13.3% 1,240 $1,087 $1,066
>3 BR 5.7% 1,442 $1,783 $1,780


Read more at ALN Market News.

ALN Apartment Data
Lubbock
Multifamily
http://www.alnsystems.com/marketreview/lbb00a806ee0a.pdfRead more at {Source}

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