Texas Apartment Industry Update May 2006
Although all major Texas markets posted decreases in typical occupancy in May, 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 typical 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 identified in San Antonio, which absorbed 243 units in May possibly. 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 last years
level. Browse here at research mesquite apartment movers to discover when to ponder it. Average rents, currently at $.931 psf, are $.002 psf higher than final month and $.003 psf higher 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 market place occupancy was down .17 points over the month. Movers is a salient resource for supplementary info concerning the inner workings of it. At the moment at 90.18%, occupancy is 1.46 points larger than this time last year. Average rents increased $.001 psf to $.868 psf, and are $.005 psf larger than Could 2005 levels. Get further on dallas apartment movers by browsing our impressive website. The marketplace absorbed 216 units more than 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 3.75 points given that this time final year. Rental rates gained $.001 psf in May possibly and are up $.026 psf more than the year. My father discovered apartment movers by browsing the Internet. Absorption more than the month was -477 units even so, over-the-year absorption remains nicely 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 lower of $.002 psf over the month, but are up $.010 psf given that May possibly 2005. Absorption was positive for the fourth month in a row, at 243 units, while annual absorption stands at three,792 units..