Aug 27, 2012
Amarillo ALN apartment July 2012
AMARILLO - ALN Apartment Data has released July data for apartments in the Amarillo market. *Same store is everything in a market except for apartments in initial lease-up. Read more...
AMARILLO – ALN Apartment Data has released July data for apartments in the Amarillo market.
| Amarillo Market | Same Store* | |
| July 2012 | Annual Change | |
| Occupancy rate | 90.9 | -2.3% |
| Units added | 0 | -100.0% |
| Units absorbed (annual) | -228 | -170.3% |
| Average size (SF) | 814 | -0.1% |
| Asking rent | $644 | 3.3% |
| Effective rent | $631 | 3.0% |
| Effective rent per SF | $0.78 | 3.1% |
| Offering concessions | 29% | 24.2% |
| Avg. concession package | 7.2% | 64.7% |
*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 | 3.0% | 483 | $474 | $469 |
| 1 BR | 46.0% | 662 | $555 | $543 |
| 1 DEN | 1.4% | 770 | $699 | $685 |
| 2 BR | 40.4% | 948 | $718 | $706 |
| 2 DEN | 0.6% | 1,145 | $1,054 | $1,054 |
| 3 BR | 7.9% | 1,207 | $790 | $778 |
| >3 BR | 0.6% | 1,363 | $741 | $741 |
Read more at ALN Market News. Want more news about Amarillo? See NewsTalk Texas.
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