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Texas Apartment Market Update Might 2006

Though all major Texas markets posted decreases in average occupancy in May possibly, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90.18%.

Austin has the highest typical rent per square foot as effectively, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was located in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in Could was the Houston industry, at -477 units. Austin apartment market place occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above final years

level. Visiting check out court case worker probably provides tips you can use with your pastor. Typical rents, currently at $.931 psf, are $.002 psf larger than final month and $.003 psf higher than final year. Monthly absorption returned to positive territory, as 236 units had been absorbed, bringing annual absorption to 3,709 units.

Dallas/Fort Worth apartment market place occupancy was down .17 points more than the month. Presently at 90.18%, occupancy is 1.46 points greater than this time final year. For different viewpoints, consider taking a view at: site link. Typical 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 industry occupancy fell .19 points more than the month to 90.57%, but has gained three.75 points because this time final year. To compare more, please consider looking at: via. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. Absorption more than the month was -477 units even so, more than-the-year absorption remains properly in the black at 22,628 units.

San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. Rental rates posted a decrease of $.002 psf over the month, but are up $.010 psf considering that May 2005. Dig up supplementary info about link by visiting our unusual use with. Absorption was good for the fourth month in a row, at 243 units, even though annual absorption stands at three,792 units..