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From Polychromatic
Though all key Texas markets posted decreases in average occupancy in May possibly, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90.18%.
Austin has the highest average rent per square foot as effectively, 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 Could. Posting the weakest absorption figures in May possibly was the Houston industry, at -477 units. Austin apartment marketplace occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years
level. Average rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf higher than last year. Monthly absorption returned to good territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
Dallas/Fort Worth apartment market occupancy was down .17 points more than the month. Presently at 90.18%, occupancy is 1.46 points higher than this time last year. Average rents increased $.001 psf to $.868 psf, and are $.005 psf higher than May possibly 2005 levels. The market absorbed 216 units over the month annual absorption now totals 13,468 units.
Houston apartment market occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points since this time final year. Rental rates gained $.001 psf in May possibly and are up $.026 psf over 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 more than the year. Rental rates posted a decrease of $.002 psf more than the month, but are up $.010 psf given that Might 2005. Absorption was good for the fourth month in a row, at 243 units, although annual absorption stands at three,792 units. Even though all key Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. The lowest occupancy was discovered in Dallas/Fort Worth at 90.18%.
Austin has the highest typical rent per square foot as well, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was located in San Antonio, which absorbed 243 units in May possibly. Posting the weakest absorption figures in Could was the Houston industry, at -477 units. Austin apartment industry occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above last years
level. Typical rents, at present at $.931 psf, are $.002 psf greater than final month and $.003 psf greater than last 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. Presently at 90.18%, occupancy is 1.46 points higher than this time final year. Typical rents elevated $.001 psf to $.868 psf, and are $.005 psf greater than May possibly 2005 levels. The market absorbed 216 units more than 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 three.75 points since this time final year. Rental rates gained $.001 psf in May and are up $.026 psf more than the year. Absorption more than the month was -477 units however, more than-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 more than the month, but are up $.010 psf considering that May possibly 2005. Absorption was good for the fourth month in a row, at 243 units, even though annual absorption stands at three,792 units.
