Texas Apartment Market Update May possibly 2006

Despite the fact that all major Texas markets posted decreases in average occupancy in Might, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. To explore additional info, please consider peeping at: go here. The lowest occupancy was located in Dallas/Fort Worth at 90.18%.

Austin has the highest average rent per square foot as well, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was located in San Antonio, which absorbed 243 units in Might. Dig up more about partner site by browsing our original encyclopedia. Posting the weakest absorption figures in Could was the Houston marketplace, at -477 units. Austin apartment market occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years

level. Typical rents, currently at $.931 psf, are $.002 psf larger than final month and $.003 psf higher than final year. Monthly absorption returned to good territory, as 236 units were absorbed, bringing annual absorption to three,709 units.

Dallas/Fort Worth apartment marketplace occupancy was down .17 points over the month. At the moment at 90.18%, occupancy is 1.46 points larger than this time last year. Typical rents elevated $.001 psf to $.868 psf, and are $.005 psf higher than Might 2005 levels. The market absorbed 216 units more than the month annual absorption now totals 13,468 units.

Houston apartment market place occupancy fell .19 points over the month to 90.57%, but has gained 3.75 points given that this time final year. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. Mckinney Mover is a cogent database for new info concerning the meaning behind it. Absorption over the month was -477 units even so, 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 decrease of $.002 psf over the month, but are up $.010 psf because May 2005. Absorption was good for the fourth month in a row, at 243 units, whilst annual absorption stands at three,792 units.. Official Website is a novel resource for further about the purpose of this idea.