Texas Apartment Market Update– May 2006
All significant Texas markets uploaded reductions in typical tenancy in May, tenancy continues to be over 90% in all 4, with Austin videotaping the greatest at 93.02%. The most affordable tenancy was located in Dallas/Fort Worth at 90.18%.
Austin has the greatest ordinary rental fee per square foot as well, at $0.931 per square foot (psf); Dallas/Fort Worth uploaded the 2nd highest possible at $0.868 psf. Uploading the weakest absorption numbers in May was the Houston market, at -477 devices.
degree. Ordinary rental fees, presently at $0.931 psf, are $0.002 psf greater than last month and also $0.003 psf greater than in 2015. Month-to-month absorption went back to favorable region, as 236 devices were taken in, bringing yearly absorption to 3,709 systems.
Ordinary leas boosted $0.001 psf to $0.868 psf, and also are $0.005 psf greater than May 2005 degrees. The market soaked up 216 systems over the month; yearly absorption currently completes 13,468 devices.
Houston house market tenancy dropped 0.19 factors over the month to 90.57%, however has actually obtained 3.75 factors because this moment in 2015. Rental prices acquired $0.001 psf in May and also are up $0.026 psf throughout the years. Absorption over the month was -477 devices; nevertheless, over-the-year absorption stays well in the black at 22,628 systems.
San Antonio tenancy lowered 0.31 indicate 91.38%, as well as is up 0.17 factors for many years. Rental prices published a reduction of $0.002 psf over the month, however are up $0.010 psf considering that May 2005. Absorption declared for the 4th month straight, at 243 systems, while yearly absorption stands at 3,792 systems.
Ordinary rental fees, presently at $0.931 psf, are $0.002 psf greater than last month as well as $0.003 psf greater than last year. Ordinary leas enhanced $0.001 psf to $0.868 psf, and also are $0.005 psf greater than May 2005 degrees. Rental prices got $0.001 psf in May and also are up $0.026 psf over the year. Rental prices uploaded a reduction of $0.002 psf over the month, however are up $0.010 psf considering that May 2005.