Texas Apartment Marketplace Update Could 2006
Although all significant Texas markets posted decreases in typical occupancy in Could, 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 properly, 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 May possibly was the Houston market, at -477 units. Austin apartment market place occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above final years
level. We discovered http://finance.minyanville.com/minyanville/news/read/30345629/fig_tree_capital_ventures_launches_new_fund_targeting_the_red_hot_dallas_fort_worth_residential_housing_market. by browsing webpages. Average rents, currently at $.931 psf, are $.002 psf higher than last month and $.003 psf greater 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 marketplace occupancy was down .17 points over the month. Presently at 90.18%, occupancy is 1.46 points greater than this time last year. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf greater than May 2005 levels. The marketplace absorbed 216 units more than the month annual absorption now totals 13,468 units.
Houston apartment market place occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points because this time last year. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. Absorption more than the month was -477 units however, 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 over the year. Learn new information on the affiliated link by navigating to FIG Tree Capital Ventures Launches New Fund targeting the Red Hot Dallas Fort Worth Residential Housing Market.. Rental rates posted a reduce 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, whilst annual absorption stands at three,792 units..