Texas Apartment Market Update May 2006
Despite the fact that all significant Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was identified in Dallas/Fort Worth at 90.18%.
Austin has the highest typical rent per square foot as properly, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in Might. Should you desire to discover supplementary resources about landscape electrical mineral wells, we recommend many on-line databases people might investigate. Posting the weakest absorption figures in May possibly was the Houston market, 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. Average rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf greater than last year. Guide To Low Cost Vaccinations Weatherford Tx is a forceful online database for supplementary information concerning the reason for this hypothesis. Monthly absorption returned to good territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.
Dallas/Fort Worth apartment market occupancy was down .17 points over the month. Presently at 90.18%, occupancy is 1.46 points larger than this time final year. Clicking cashion custom homes texas certainly provides suggestions you could give to your uncle. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf larger than May possibly 2005 levels. The industry absorbed 216 units more than the month annual absorption now totals 13,468 units.
Houston apartment market place occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points considering that this time last year. Rental rates gained $.001 psf in May and are up $.026 psf over the year. Absorption over the month was -477 units however, over-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. Browse here at close window to explore the inner workings of it. Rental rates posted a lower 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, although annual absorption stands at 3,792 units..