SAAA December 2021 Residence Magazine | Page 15

San Antonio , TX

End of November , 2021
General Overview
Conventional Properties
Nov
2021
Annual Chg
Occupancy
93.9
+ 3.5 %
Unit Change 5,799 Units Absorbed ( Annual ) 11,378 Average Size ( SF ) 851 + 0.4 % Asking Rent $ 1,187 + 13.1 % Asking Rent per SF $ 1.39 + 12.7 % Efective Rent $ 1,180 + 15.4 % Efective Rent per SF $ 1.39 + 15.0 % % Ofering Concessions 17 % -58.8 % Avg . Concession Package 3.5 % -38.3 %
Market Breakdown
% of
#
#
Avg
Average Rent
Rent Concessions
Property Type
Market
Props
Units
Occ .
SF
Mkt
Ef
Props Ofering
Avg Package
Conventional
78 %
1,005
190,317
93.9 %
851
$ 1,187
$ 1,180
16.6 %
3.5 %
Afordable
15 %
282
36,951
87.3 %
921
$ 884
$ 880
8.1 %
4.5 %
Senior Living
5 %
121
10,996
86.1 %
873
$ 1,696
$ 1,675
14.0 %
5.9 %
Student Housing
2 %
24
4,387
97.8 %
1,098
$ 1,730
$ 1,730
0.0 %
0.0 %
Totals
1,432
242,651
Top 5 Submarkets
Occupancy Annual Change
Nov-21
Change
East of Downtown - Inside Loop
93.4 %
17.9 %
Kerrville
99.1 %
13.9 %
Alamo Heights - Terrell Hills - Olmos Park
95.7 %
11.4 %
Downtown - Riverwalk - King William
91.6 %
11.2 %
Boerne - Comfort
98.2 %
11.1 %
Efective Rent ains
Nov-21
Change
Hollywood Park - Camino Real
$ 1,211
20.6 %
Boerne - Comfort
$ 1,327
20.1 %
Stone Oak - Sonterra
$ 1,432
19.8 %
La Cantera - Dominion - The Rim - Camp Bullis
$ 1,553
19.8 %
Far West
$ 1,230
18.9 %
New Units
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