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Texas Apartment Industry Update Could 2006
08-16-2015, 09:11 PM
Post: #1
Big Grin Texas Apartment Industry Update Could 2006
Though all main Texas markets posted decreases in average occupancy in Might, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. The lowest occupancy was located in Dallas/Fort Worth at 90.18%.

Austin has the highest typical rent per square foot as properly, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was identified in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in May was the Houston industry, at -477 units. Austin apartment market occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years

level. Average rents, at present at $.931 psf, are $.002 psf higher than final month and $.003 psf larger than final year. Monthly absorption returned to positive territory, as 236 units were absorbed, bringing annual absorption to three,709 units.

Dallas/Fort Worth apartment industry occupancy was down .17 points more than the month. Currently at 90.18%, occupancy is 1.46 points greater than this time final year. Typical rents elevated $.001 psf to $.868 psf, and are $.005 psf larger than Might 2005 levels. The industry absorbed 216 units over the month annual absorption now totals 13,468 units.

Houston apartment marketplace occupancy fell .19 points over the month to 90.57%, but has gained three.75 points because this time final year. If you have an opinion about the Internet, you will possibly hate to learn about Rental rates gained $.001 psf in Could and are up $.026 psf over the year. Absorption over the month was -477 units nevertheless, over-the-year absorption remains effectively in the black at 22,628 units.

San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. If you think anything at all, you will seemingly claim to research about Rental rates posted a lower of $.002 psf more than the month, but are up $.010 psf because Could 2005. Absorption was good for the fourth month in a row, at 243 units, although annual absorption stands at 3,792 units.. Get more on an affiliated site by going to
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