SAAA April 2022 Residence Magazine | Page 40

San Antonio , TX

End of March , 2022
General Overview
Conventional Properties
Mar
2022
Annual Chg
Occupancy
93.3
+ 3.4 %
Unit Change 4,116 Units Absorbed ( Annual ) 9,591 Average Size ( SF ) 852 + 0.2 % Asking Rent $ 1,225 + 15.2 % Asking Rent per SF $ 1.44 + 14.8 % Efective Rent $ 1,217 + 17.5 % Efective Rent per SF $ 1.43 + 17.1 % % Ofering Concessions 16 % -59.4 % Avg . Concession Package 3.5 % -40.6 %
Market Breakdown
% of
#
#
Avg
Average Rent
Rent Concessions
Property Type
Market
Props
Units
Occ .
SF
Mkt
Ef
Props Ofering
Avg Package
Conventional
79 %
1,010
191,449
93.3 %
852
$ 1,225
$ 1,217
16.2 %
3.5 %
Afordable
15 %
286
37,244
88.0 %
921
$ 888
$ 887
2.7 %
2.7 %
Senior Living
5 %
122
11,045
87.8 %
873
$ 1,714
$ 1,705
7.1 %
3.6 %
Student Housing
2 %
22
3,914
97.9 %
1,053
$ 1,723
$ 1,720
6.3 %
3.4 %
Totals
1,440
243,652
Top 5 Submarkets
Occupancy Annual Change
Mar-22
Change
Kerrville
97.5 %
25.2 %
Downtown - Riverwalk - King William
90.4 %
19.5 %
East of Downtown - Inside Loop
90.1 %
9.7 %
Alamo Heights - Terrell Hills - Olmos Park
95.0 %
7.7 %
Boerne - Comfort
96.7 %
6.8 %
Efective Rent ains
Mar-22
Change
Boerne - Comfort
$ 1,445
26.6 %
Northwest - Helotes - Grey Forest
$ 1,389
23.8 %
Hollywood Park - Camino Real
$ 1,242
22.3 %
Far West
$ 1,256
20.5 %
Greater Shavano Park - Elm Creek
$ 1,297
20.3 %
New Units
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40 APRIL 2022 | www . saaaonline . org