Texas Apartment Market place Update Might 2006
Though all major Texas markets posted decreases in average occupancy in May possibly, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. Get additional resources on our favorite related URL by going to close window. The lowest occupancy was identified in Dallas/Fort Worth at 90.18%.
Austin has the highest average 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 found in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in May possibly was the Houston industry, at -477 units. Austin apartment marketplace occupancy decreased .36 points in Could to 93.02%, but remains 1.64 points above last years
level. I discovered click here for by browsing Google Books. Typical rents, at the moment at $.931 psf, are $.002 psf greater than final month and $.003 psf higher than final year. Monthly absorption returned to good territory, as 236 units were absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment marketplace occupancy was down .17 points over the month. We discovered mola gomory by browsing books in the library. Presently at 90.18%, occupancy is 1.46 points larger than this time final year. Average rents increased $.001 psf to $.868 psf, and are $.005 psf greater than Might 2005 levels. The marketplace 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 given that this time last year. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. My dad discovered inside gomory loret de mola jose antonio by searching the Internet. Absorption over the month was -477 units nonetheless, more than-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 over the year. Rental rates posted a lower of $.002 psf more than the month, but are up $.010 psf since Could 2005. Absorption was positive for the fourth month in a row, at 243 units, while annual absorption stands at three,792 units..