Texas Apartment Market
Texas Apartment Market
All Texas metro markets report current general occupancies above 90%, with Austin top the market place at 93.39%. My pastor found out about read this by browsing newspapers. The lowest occupancy is identified in the Dallas/Fort Worth industry at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Typical rents in the other metro markets are all below $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth market, as 641 units were absorbed in April. San Antonio also posted positive monthly absorption, although the Houston and Austin markets posted negative figures.
Austin Market place occupancy dropped .07 points more than the month, nevertheless at 93.39%, occupancy remains two.10 points larger than in April of 2005. Average rents are at the moment at $.930 psf and are $.002 psf higher than last month and last year's figures. Absorption dipped into the red this month, as -109 units were absorbed. For extra information, consider taking a peep at: gomory loret de mola jose antonio. Annual absorption stands at 3,589 units.
Dallas/Fort Worth Marketplace occupancy is up .03 points over the month to 90.35%, and is 1.70 points above final year's level. Even though typical rents have remained flat over the last couple of months at $.867 psf, they are $.003 psf higher than the rate observed at this time final year. Monthly absorption of 641 units brings annual absorption up to 13,575 units.
Houston Marketplace occupancy fell .27 points to 90.73% over the month. Overall occupancy remains 4.29 points greater than April 2005's level. Discover additional info on loret by going to our influential essay. Learn further about jose antonio loret de mola gomory by navigating to our wonderful URL. Rental rates inched up $.003 psf over the month and are up $.027 psf more than the year to $.824 psf, whilst monthly absorption was -323 units. Absorption more than the final twelve months is at 24,542 units.
San Antonio occupancy, at 91.69%, gained .08 points over the month and .47 points over the year. Rental rates are up slightly more than the month, $.001 psf, to $.817 psf, which is $.012 psf higher than last year's figure. This is the third consecutive month of good absorption, as 237 units had been absorbed in April. Annual absorption totals 3,473 units..