Texas Apartment Marketplace 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 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 identified in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in Might was the Houston industry, at -477 units. Austin apartment market place occupancy decreased .36 points in Could to 93.02%, but remains 1.64 points above last years
level. Average rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf larger than final year. This witty construction contractors in dallas use with has limitless pushing tips for how to flirt with this enterprise. Monthly absorption returned to good territory, as 236 units were absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment market place occupancy was down .17 points more than the month. Identify supplementary resources on construction contractor in dallas by browsing our stately portfolio. Construction Contractors Dallas is a stately database for supplementary resources about the reason for this belief. At present at 90.18%, occupancy is 1.46 points higher than this time last year. Typical rents increased $.001 psf to $.868 psf, and are $.005 psf greater than Might 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 more than the month to 90.57%, but has gained 3.75 points because this time final year. In the event you need to discover further about construction contractor in dallas texas, there are many resources people might pursue. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. Absorption over the month was -477 units nonetheless, 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. Rental rates posted a decrease of $.002 psf over the month, but are up $.010 psf because Could 2005. Absorption was positive for the fourth month in a row, at 243 units, while annual absorption stands at three,792 units..