Market Line - SAN ANTONIO
January 2022
SAN ANTONIO OVERVIEW
Occupancy : 93.3 % Price : 1,140 $/ mo
Rental Rate : 1.33 $/ sf / mo Size : 857 sf
Past 12 Months : 18.2 % Rental Rate growth 11,492 units absorbed
Operating Supply : 972 communities 209,699 units
Recently Opened ( 12 mo ): 23 communities 5,886 units
Under Construction : 29 communities 6,810 units
Proposed Construction : 58 communities 16,480 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1200
1150
1100
1050
1000
950
History of Effective Price & Occupancy
Occupancy %
94.0
90.5
87.0
J F M A M J J A S O N D J F M A M J J A S O N D 2020 2021
Price ($/ 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 .
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Leon Springs / Boerne / Kerrville |
16.3 % |
1.3 % |
2 |
New Braunfels / Seguin |
13.0 % |
1.1 % |
3 |
Castle Hills / San Pedro / Jackson-Keller |
9.5 % |
2.6 % |
4 |
Windcrest / Universal City |
10.0 % |
0.9 % |
5 |
Nacogdoches Rd / Perrin Beitel Rd |
12.4 % |
0.5 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
38,661 |
18 % |
-0.7% |
-3.5% |
A |
20,459 |
29 % |
-1.0% |
-3.4% |
B |
7,058 |
13 % |
-0.4% |
-3.2% |
C |
7,999 |
17 % |
-0.6% |
-3.6% |
D |
3,145 |
8 % |
-0.4% |
-4.4% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.8 % Price : 1,184 $/ mo
Rental Rate : 1.33 $/ sf / mo Size : 888 sf
Past 12 Months : 16.0 % Rental Rate growth 37,308 units absorbed
Occupancy : 93.4 % Price : 1,385 $/ mo
Rental Rate : 1.58 $/ sf / mo Size : 879 sf
Past 12 Months : 21.6 % Rental Rate growth 45,027 units absorbed
Operating Supply : |
Operating Supply : |
2,982 communities |
3,338 communities |
48 |
704,812 units
800,906 units
|
Occupancy : 92.5 % Price : 1,560 $/ mo
Rental Rate : 1.78 $/ sf / mo Size : 875 sf
Past 12 Months : 30.0 % Rental Rate growth 22,281 units absorbed
Operating Supply : 1,119 communities 265,812 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 Regional Vice President 512.969.1499