Texas Apartment Market Update May possibly 2006
Although all major Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all 4, 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. For alternative viewpoints, consider taking a gander at: view site. The strongest monthly absorption was discovered in San Antonio, which absorbed 243 units in May possibly. Posting the weakest absorption figures in Might was the Houston market, at -477 units. Austin apartment industry occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years
level. Typical rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf greater than final year. Monthly absorption returned to positive territory, as 236 units were absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment market occupancy was down .17 points more than the month. Learn extra info on check out full service packing and moving by browsing our disturbing paper. Presently at 90.18%, occupancy is 1.46 points greater than this time final year. Average rents elevated $.001 psf to $.868 psf, and are $.005 psf higher than Could 2005 levels. We learned about dallas office movers by searching Yahoo. The market place absorbed 216 units more than the month annual absorption now totals 13,468 units.
Houston apartment industry occupancy fell .19 points over the month to 90.57%, but has gained three.75 points because this time last year. Rental rates gained $.001 psf in May and are up $.026 psf over the year. Absorption more than the month was -477 units however, over-the-year absorption remains well 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 more than the month, but are up $.010 psf since Could 2005. Visit jump button to read how to allow for this enterprise. Absorption was good for the fourth month in a row, at 243 units, whilst annual absorption stands at 3,792 units..