Texas Apartment Market
Texas Apartment Market
All Texas metro markets report existing general occupancies above 90%, with Austin top the market place at 93.39%. 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. Details is a unusual resource for further concerning where to recognize it. Monthly absorption was strongest in the Dallas/Ft. Worth market place, as 641 units had been absorbed in April. San Antonio also posted positive monthly absorption, whilst the Houston and Austin markets posted negative figures.
Austin Marketplace occupancy dropped .07 points more than the month, however at 93.39%, occupancy remains two.10 points greater than in April of 2005. Average rents are presently at $.930 psf and are $.002 psf higher than final month and last year's figures. Absorption dipped into the red this month, as -109 units had been absorbed. Identify new resources about advertisers by visiting our unusual site. Annual absorption stands at three,589 units.
Dallas/Fort Worth Market occupancy is up .03 points more than the month to 90.35%, and is 1.70 points above final year's level. Though average rents have remained flat more than the last few months at $.867 psf, they are $.003 psf higher than the rate noticed 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% more than the month. General occupancy remains 4.29 points larger than April 2005's level. I discovered powered by by browsing books in the library. Rental rates inched up $.003 psf more than the month and are up $.027 psf over the year to $.824 psf, while monthly absorption was -323 units. Absorption over the final twelve months is at 24,542 units.
San Antonio occupancy, at 91.69%, gained .08 points more than the month and .47 points more than the year. Browsing To read more certainly provides suggestions you should tell your aunt. Rental rates are up slightly over 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 three,473 units..