San Antonio, TX
General Overview
End of June, 2020
Conventional Properties
Jun
2020
Annual Chg
Occupancy 89.0 -1.4%
Unit Change 5,495
Units Absorbed (Annual) 2,838
Average Size (SF) 848 +0.1%
Asking Rent $1,041 +0.6%
Asking Rent per SF $1.23 +0.6%
Effective Rent $1,015 -0.1%
Effective Rent per SF $1.20 -0.1%
% Offering Concessions 40% +26.8%
Avg. Concession Package 5.6% +7.3%
Market Breakdown
% of # # Avg Average Rent Rent Concessions
Property Type Market Props Units Occ. SF Mkt Eff Props Offering Avg Package
Conventional 79% 986 182,976 89.0% 848 $1,041 $1,015 40.0% 5.6%
Affordable 15% 260 33,659 88.8% 918 $839 $831 10.9% 6.4%
Senior Living 4% 108 10,126 75.2% 863 $1,704 $1,693 7.9% 11.0%
Student Housing 2% 21 4,107 90.3% 1,098 $1,755 $1,727 16.7% 12.4%
Totals 1,375 230,868
Top 5 Submarkets
Occupancy Annual Change Jun-20 Change
La Cantera - Dominion - The Rim - Camp Bullis 90.0% 13.0%
Seguin 95.7% 4.2%
Far West 92.8% 2.1%
Thousand Oaks - North of Starcrest 92.8% 1.0%
Medical Center - West of Babcock 91.1% 0.9%
Effective Rent Gains Jun-20 Change
East of Downtown - Inside Loop $952 18.0%
Kerrville $887 8.7%
Greater New Braunfels $1,221 3.3%
Southwest - Lackland $761 3.0%
Windcrest - Converse - Randolph $895 2.8%
New Units
ALN Apartment Data tracks 11K management companies with over 125K properties, comprised of over 16 million total units. We offer our clients
feature-rich, user-friendly platforms to perform research with confidence, and our comprehensive services are available nationwide. Copyrights: All
data, information and material provided through ALN Platforms or Reports are copyrighted. All resales, redistribution, or other forms of
dissemination is strictly forbidden. For ALN editorial inserts, sourcing, questions, or
additional information about our services, please contact [email protected] or call
800-643-6416 x 3.
www.alndata.com
NATIONWIDE MULTIFAMILY DATA
www.saaaonline.org | AUGUST 2020 SPECIAL EDITION 35