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Abilene ALN apartment data July 2012Abilene ALN apartment data July 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=98412012-08-27T11:15:00Z2012-08-27T06:45:00Z

ABILENE - ALN Apartment Data has released July data for apartments in the Abilene market.

Abilene Market Review
Abilene Market Same Store*
July 2012 Annual
Change
Occupancy rate 93.1 0.8%
Units added 405 40,400%
Units absorbed (annual) 420 1,411.7%
Average size (SF) 869 4.1%
Asking rent $637 4.2%
Effective rent $632 4.3%
Effective rent per SF $0.73 0.1%
% Offering concessions 16% -5.3%
Avg. concession package 5.1% 10.3%


*Same store is everything in a market except for apartments in initial lease-up. 

Floor Plan Breakdown - Abilene
Plan Type % of
Market
Avg.
SF
Avg.
Market
Rent/Mo.
Avg.
Eff.
Rent/Mo.
Efficiency 2.5% 468 $486 $481
1 BR 35.2% 649 $522 $518
1 DEN 2.0% 817 $611 $604
2 BR 46.8% 966 $686 $680
2 DEN 0.1% 1,296 $570 $523
3 BR 12.7% 1,245 $898 $890
>3 BR 0.7% 908 $1,667 $1,658


Read more at ALN Market News. Want more Abilene news? See NewsTalk Texas.

ALN Apartment Data
Abilene
Multifamily
http://www.alnsystems.com/marketreview/abi115e49e004.pdfRead more at {Source}

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