Texas Apartment Market Update Could 2006
Though all main Texas markets posted decreases in typical occupancy in May possibly, 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 identified in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in Could was the Houston industry, at -477 units. Austin apartment industry occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above final years
level. Typical rents, at the moment at $.931 psf, are $.002 psf greater than final month and $.003 psf greater than final year. I discovered needs by searching books in the library. Monthly absorption returned to positive territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
Dallas/Fort Worth apartment marketplace occupancy was down .17 points more than the month. Identify further on this related essay by navigating to best uptown moving companies. Presently at 90.18%, occupancy is 1.46 points higher than this time final year. Visit compare affordable moving companies to compare why to look at it. Average rents increased $.001 psf to $.868 psf, and are $.005 psf higher than Might 2005 levels. To get a second standpoint, please consider glancing at: murphy apartment movers. The industry absorbed 216 units more than the month annual absorption now totals 13,468 units.
Houston apartment market occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points since this time final year. Rental rates gained $.001 psf in May possibly and are up $.026 psf over the year. Absorption over the month was -477 units however, over-the-year absorption remains well 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 reduce of $.002 psf over the month, but are up $.010 psf considering that May 2005. Absorption was good for the fourth month in a row, at 243 units, whilst annual absorption stands at three,792 units..