Texas Apartment Market Update Might 2006
Although all significant Texas markets posted decreases in typical occupancy in Might, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was located in Dallas/Fort Worth at 90.18%.
Austin has the highest typical rent per square foot as nicely, 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 May possibly. Posting the weakest absorption figures in May was the Houston industry, at -477 units. Austin apartment market occupancy decreased .36 points in Might to 93.02%, but remains 1.64 points above final years
level. Average rents, at present at $.931 psf, are $.002 psf greater than final month and $.003 psf greater 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 industry occupancy was down .17 points over the month. At present at 90.18%, occupancy is 1.46 points higher than this time final year. Typical rents elevated $.001 psf to $.868 psf, and are $.005 psf higher than May possibly 2005 levels. Visiting how do you wrap furniture for move likely provides cautions you can tell your dad. The marketplace absorbed 216 units over the month annual absorption now totals 13,468 units.
Houston apartment market place occupancy fell .19 points over the month to 90.57%, but has gained three.75 points given that this time final year. Purchase Dfw Movers includes extra info about the meaning behind this viewpoint. Rental rates gained $.001 psf in Could and are up $.026 psf more than the year. Absorption more than 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 more than the year. Dig up new resources about click for full service movers by browsing our impressive portfolio. Rental rates posted a lower of $.002 psf more than the month, but are up $.010 psf since May 2005. Get additional information on our related portfolio - Click here: how do you lift furniture. Absorption was good for the fourth month in a row, at 243 units, even though annual absorption stands at three,792 units..