Market Line - SAN ANTONIO
November 2022
SAN ANTONIO OVERVIEW
Occupancy : 91.3 % Price : 1,216 $/ mo
Rental Rate : 1.41 $/ sf / mo Size : 860 sf
Past 12 Months : 8.9 % Rental Rate growth 667 units absorbed
Operating Supply : 995 communities 214,895 units
Recently Opened ( 12 mo ): 23 communities 5,400 units
Under Construction : 28 communities 7,811 units
Proposed Construction : 66 communities 18,983 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1300
1200
1100
1000
900
History of Effective Price & Occupancy
88
N D J F M A M J J A S O N D J F M A M J J A S O
2020 2021 2022
Occupancy %
Price ($/ mo )
The table below distributes and analyzes concessions ( specials ) by classification . Concessions generally are represented by three types of specials : move-in , months free , or floorplan . ApartmentData . com captures the effect of these specials and prorates them over a lease term to arrive at a percentage reduction in market or street rents .
94
91
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Nacogdoches Rd / Perrin Beitel Rd |
6.5 % |
0.3 % |
2 |
Windcrest / Universal City |
5.2 % |
0.4 % |
3 |
Castle Hills / San Pedro / Jackson-Keller |
0.5 % |
0.2 % |
4 |
Port San Antonio / I-35S |
10.1 % |
-0.6% |
5 |
Balcones Heights / St Mary ’ s University |
3.9 % |
0.1 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
51,068 |
24 % |
-1.1% |
-4.1% |
A |
25,621 |
36 % |
-1.7% |
-4.5% |
B |
16,022 |
24 % |
-0.7% |
-3.0% |
C |
7,038 |
19 % |
-0.9% |
-4.9% |
D |
2,387 |
6 % |
-0.4% |
-5.0 % |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 90.7 % Price : 1,254 $/ mo
Rental Rate : 1.41 $/ sf / mo Size : 890 sf
Past 12 Months : 8.0 % Rental Rate growth 6,914 units absorbed
Operating Supply : 3,045 communities 719,531 units
Occupancy : 92.5 % Price : 1,507 $/ mo
Rental Rate : 1.71 $/ sf / mo Size : 881 sf
Past 12 Months : 12.5 % Rental Rate growth 8,804units absorbed
Operating Supply : 3,389 communities 815,285 units
Occupancy : 91.3 % Price : 1,651 $/ mo
Rental Rate : 1.89 $/ sf / mo Size : 876 sf
Past 12 Months : 9.5 % Rental Rate growth 9,273 units absorbed
Operating Supply : 1,165 communities 278,568 units
ApartmentData . com has been providing apartment data and marketing products since 1986 . We provide real time access for property specific information , market surveys and historic submarket data for over 3.5 million apartment units in AZ , FL , GA , NC , TN , and TX .
Cindi Reed Director of Sales 512.969.1499