San Antonio, TX
End of April, 2020
General Overview
Conventional Properties Apr 2020 Annual Chg
Occupancy 89.1 -0.6%
Unit Change 4,979
Units Absorbed (Annual) 3,449
Average Size (SF) 848 +0.1%
Asking Rent $1,040 +1.6%
Asking Rent per SF $1.23 +1.5%
Efective Rent $1,016 +1.3%
Efective Rent per SF $1.20 +1.2%
% Ofering Concessions 39% +19.8%
Avg. Concession Package 5.6% +1.0%
Market Breakdown
% of # # Avg Average Rent Rent Concessions
Property Type Market Props Units Occ. SF Mkt Ef Props Ofering Avg Package
Conventional 79% 996 181,885 89.1% 848 $1,040 $1,016 39.4% 5.6%
Afordable 15% 257 33,311 88.3% 917 $834 $826 10.9% 6.5%
Senior Living 4% 108 10,126 78.8% 860 $1,685 $1,684 2.6% 8.3%
Student Housing 2% 21 4,107 91.2% 1,098 $1,777 $1,750 27.8% 5.9%
Totals 1,382 229,429
Top 5 Submarkets
Occupancy Annual Change Apr-20 Change
La Cantera - Dominion - The Rim - Camp Bullis 89.5% 11.6%
Windcrest - Converse - Randolph 92.9% 3.3%
Far West 92.7% 3.2%
Downtown - Riverwalk - King William 83.2% 2.0%
Medical Center - West of Babcock 91.2% 1.9%
Efective Rent ains Apr-20 Change
East of Downtown - Inside Loop $920 14.0%
Greater New Braunfels $1,246 7.6%
Southwest - Lackland $759 5.6%
Kerrville $850 4.8%
Balcones Heights - Jeferson $787 3.1%
New Units
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26 JUNE 2020 SPECIAL EDITION | www.saaaonline.org
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