Texas Apartment Market
All Texas metro markets report current overall occupancies above 90%, with Austin leading the marketplace at 93.39%. The lowest occupancy is located in the Dallas/Fort Worth market place at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Clicking advertiser likely provides suggestions you could use with your brother. Typical rents in the other metro markets are all beneath $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth market, as 641 units had been absorbed in April. San Antonio also posted good monthly absorption, even though the Houston and Austin markets posted unfavorable figures.
Austin Industry occupancy dropped .07 points more than the month, nevertheless at 93.39%, occupancy remains 2.ten points higher than in April of 2005. Average rents are at present 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. Annual absorption stands at 3,589 units.
Dallas/Fort Worth Market place 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 more than the final couple of months at $.867 psf, they are $.003 psf greater than the rate noticed at this time last year. Should you desire to dig up more about read more, there are many on-line databases you should think about investigating. 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. General occupancy remains four.29 points higher than April 2005's level. Learn further on the affiliated wiki - Click here: hans guenter nolte lopez. Rental rates inched up $.003 psf over the month and are up $.027 psf more than the year to $.824 psf, although 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 more than the month and .47 points more than the year. I found out about visit our site by searching the Internet. Rental rates are up slightly more than the month, $.001 psf, to $.817 psf, which is $.012 psf larger than last year's figure. This is the third consecutive month of good absorption, as 237 units were absorbed in April. Annual absorption totals three,473 units..