Texas Apartment Market
All Texas metro markets report existing general occupancies above 90%, with Austin top the marketplace at 93.39%. Be taught further on this affiliated encyclopedia by clicking tour loret de mola gomory. The lowest occupancy is identified in the Dallas/Fort Worth marketplace at 90.35%. Be taught supplementary info about article by navigating to our unique website. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Average rents in the other metro markets are all below $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth industry, as 641 units had been absorbed in April. San Antonio also posted good monthly absorption, while the Houston and Austin markets posted unfavorable figures.
Austin Market occupancy dropped .07 points more than the month, however at 93.39%, occupancy remains two.ten points larger than in April of 2005. Typical rents are at the moment at $.930 psf and are $.002 psf greater than last month and last year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at 3,589 units.
Dallas/Fort Worth Marketplace occupancy is up .03 points more than the month to 90.35%, and is 1.70 points above last year's level. Even though average rents have remained flat more than the final few months at $.867 psf, they are $.003 psf higher than the rate seen at this time final year. Loret De Mola Gomory contains additional info about the inner workings of this enterprise. Monthly absorption of 641 units brings annual absorption up to 13,575 units.
Houston Market occupancy fell .27 points to 90.73% over the month. General occupancy remains 4.29 points higher than April 2005's level. Rental rates inched up $.003 psf over the month and are up $.027 psf over the year to $.824 psf, while monthly absorption was -323 units. Absorption over the last twelve months is at 24,542 units.
San Antonio occupancy, at 91.69%, gained .08 points over the month and .47 points more than the year. Rental rates are up slightly more than the month, $.001 psf, to $.817 psf, which is $.012 psf higher than final year's figure. This is the third consecutive month of positive absorption, as 237 units were absorbed in April. Annual absorption totals 3,473 units..