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From Cellbe
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 identified in Dallas/Fort Worth at 90.18%.
Austin has the highest average rent per square foot as nicely, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in May. Posting the weakest absorption figures in Could was the Houston industry, at -477 units. Austin apartment market occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above last years
level. Typical rents, at the moment at $.931 psf, are $.002 psf higher than final month and $.003 psf higher than final year. Monthly absorption returned to good territory, as 236 units had been absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment market place occupancy was down .17 points more than the month. Currently at 90.18%, occupancy is 1.46 points greater than this time final year. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf larger than May possibly 2005 levels. The marketplace absorbed 216 units over the month annual absorption now totals 13,468 units.
Houston apartment marketplace occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points since this time last year. Rental rates gained $.001 psf in Could and are up $.026 psf over the year. Absorption over the month was -477 units however, over-the-year absorption remains well 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. Rental rates posted a reduce of $.002 psf over the month, but are up $.010 psf because Might 2005. Absorption was positive for the fourth month in a row, at 243 units, even though annual absorption stands at 3,792 units. Although all main Texas markets posted decreases in average occupancy in Could, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was identified 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 May possibly. Posting the weakest absorption figures in Could was the Houston market place, at -477 units. Austin apartment market place occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years
level. Average rents, at the moment at $.931 psf, are $.002 psf larger than last month and $.003 psf greater than final year. Monthly absorption returned to positive territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
Dallas/Fort Worth apartment industry occupancy was down .17 points more than the month. Currently at 90.18%, occupancy is 1.46 points larger than this time last year. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf higher than May 2005 levels. The industry absorbed 216 units over the month annual absorption now totals 13,468 units.
Houston apartment industry occupancy fell .19 points over the month to 90.57%, but has gained 3.75 points given that this time last year. Rental rates gained $.001 psf in Might and are up $.026 psf more than the year. Absorption over the month was -477 units nevertheless, more than-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 over the year. Rental rates posted a lower of $.002 psf over the month, but are up $.010 psf because Could 2005. Absorption was positive for the fourth month in a row, at 243 units, whilst annual absorption stands at 3,792 units.
