Texas Apartment Marketplace Update Could 2006
Even though all significant 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 found 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. If you believe anything, you will likely want to discover about http://www.wbay.com/story/29867654/fig-tree-capital-ventures-continues-real-estate-investments-in-dallas-fort-worth-housing-market. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in May possibly. Dig up further on our affiliated paper by clicking Fig Tree Capital Ventures Continues Real Estate Investments In Dallas Fort Worth Housing Market. Posting the weakest absorption figures in May possibly was the Houston market, at -477 units. To get fresh information, please check out: http://www.wtvm.com/story/29867654/fig-tree-capital-ventures-continues-real-estate-investments-in-dallas-fort-worth-housing-market. Austin apartment industry occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above last years
level. Typical rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf greater than last year. Monthly absorption returned to good territory, as 236 units were absorbed, bringing annual absorption to 3,709 units.
Dallas/Fort Worth apartment marketplace occupancy was down .17 points over the month. At the moment at 90.18%, occupancy is 1.46 points higher than this time final year. Average rents increased $.001 psf to $.868 psf, and are $.005 psf larger than Might 2005 levels. The market place 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 3.75 points because this time last year. Rental rates gained $.001 psf in May possibly and are up $.026 psf more than the year. Absorption over the month was -477 units even so, over-the-year absorption remains properly 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. To compare additional information, please consider peeping at: Fig Tree Capital Ventures Continues Real Estate Investments In Dallas Fort Worth Housing Market. Absorption was positive for the fourth month in a row, at 243 units, even though annual absorption stands at 3,792 units..