Texas Apartment Marketplace Update Could 2006
Though all main Texas markets posted decreases in average occupancy in May possibly, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. To explore additional info, we recommend people take a gander at: lewisville apartment movers. The lowest occupancy was discovered in Dallas/Fort Worth at 90.18%.
Austin has the highest typical rent per square foot as effectively, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. Dig up further on this related link - Click here: apartment movers site. Get more on an affiliated web page by visiting frisco apartment movers. The strongest monthly absorption was identified in San Antonio, which absorbed 243 units in May. Posting the weakest absorption figures in May possibly was the Houston industry, at -477 units. If you are concerned with sports, you will certainly claim to learn about copyright. Austin apartment market place occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above final years
level. Average rents, presently at $.931 psf, are $.002 psf higher than last month and $.003 psf larger than last year. Monthly absorption returned to positive territory, as 236 units had been absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment industry occupancy was down .17 points more than the month. Currently at 90.18%, occupancy is 1.46 points greater than this time final year. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf larger than May 2005 levels. The market place absorbed 216 units over the month annual absorption now totals 13,468 units.
Houston apartment marketplace occupancy fell .19 points more than the month to 90.57%, but has gained 3.75 points because this time last year. Rental rates gained $.001 psf in May and are up $.026 psf more than the year. Absorption more than the month was -477 units however, more than-the-year absorption remains effectively 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 more than the month, but are up $.010 psf considering that Could 2005. Absorption was positive for the fourth month in a row, at 243 units, whilst annual absorption stands at 3,792 units..