Texas Apartment Market Update– May 2006

Texas Apartment Market Update– May 2006

All substantial Texas markets submitted decreases in common occupancy in May, occupancy remains to more than 90% in all 4, with Austin videotaping the best at 93.02%. One of the most cost effective occupancy lay in Dallas/Fort Worth at 90.18%.

Austin has the best average rental charge per square foot also, at $0.931 per square foot (psf); Dallas/Fort Worth submitted the 2nd greatest feasible at $0.868 psf. Posting the weakest absorption numbers in May was the Houston market, at -477 tools.
level. Common rental charges, currently at $0.931 psf, are $0.002 psf higher than last month as well as additionally $0.003 psf more than in 2015. Month-to-month absorption returned to desirable area, as 236 gadgets were absorbed, bringing annual absorption to 3,709 systems.

Regular leas increased $0.001 psf to $0.868 psf, as well as additionally are $0.005 psf more than May 2005 levels. The marketplace took in 216 systems over the month; annual absorption presently finishes 13,468 tools.

Houston home market occupancy went down 0.19 variables over the month to 90.57%, nonetheless has in fact gotten 3.75 elements due to the fact that this minute in 2015. Rental rates got $0.001 psf in May as well as additionally are up $0.026 psf throughout the years. Absorption over the month was -477 gadgets; however, over-the-year absorption remains well in the black at 22,628 systems.

San Antonio occupancy reduced 0.31 show 91.38%, along with is up 0.17 variables for years. Rental rates released a decrease of $0.002 psf over the month, nevertheless are up $0.010 psf thinking about that May 2005. Absorption proclaimed for the 4th month right, at 243 systems, while annual absorption stands at 3,792 systems.

Average rental costs, currently at $0.931 psf, are $0.002 psf higher than last month as well as $0.003 psf better than last year. Normal leas boosted $0.001 psf to $0.868 psf, as well as likewise are $0.005 psf higher than May 2005 levels.

Average rental costs, currently at $0.931 psf, are $0.002 psf better than last month as well as likewise $0.003 psf better than in 2015. Normal rental costs, currently at $0.931 psf, are $0.002 psf better than last month as well as $0.003 psf higher than last year. Regular leas improved $0.001 psf to $0.868 psf, as well as likewise are $0.005 psf better than May 2005 levels. Rental costs submitted a decrease of $0.002 psf over the month, nevertheless are up $0.010 psf thinking about that May 2005.

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