Market Line - SAN ANTONIO
June 2022
SAN ANTONIO OVERVIEW
Occupancy : 92.7 % Price : 1,193 $/ mo
Rental Rate : 1.39 $/ sf / mo Size : 857 sf
Past 12 Months : 13.0 % Rental Rate growth 7,377 units absorbed
Operating Supply : 981 communities 211,756 units
Recently Opened ( 12 mo ): 21 communities 5,065 units
Under Construction : 26 communities 6,857 units
Proposed Construction : 65 communities 18,442 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1300
1200
1100
1000
900
History of Effective Price & Occupancy
88
J J A S O N D J F M A M J J A S O N D J F M A M
2020 2021 2022
Occupancy %
Price ($/ 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 |
Windcrest / Universal City |
18.0 % |
0.8 % |
2 |
New Braunfels / Seguin |
20.9 % |
0.4 % |
3 |
UTSA / Bandera Rd / Vance Jackson |
15.5 % |
0.3 % |
4 |
Thousand Oaks / Stone Oak / 281 North |
10.4 % |
0.6 % |
5 |
Downtown / Southtown / Brackenridge |
7.3 % |
1.8 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
31,188 |
15 % |
-0.6% |
-3.9% |
A |
16,246 |
22 % |
-0.9% |
-4.1% |
B |
5,743 |
10 % |
-0.3% |
-3.2% |
C |
8,417 |
21 % |
-0.7% |
-3.5% |
D |
782 |
2 % |
-0.1% |
-3.9% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.4 % Price : 1,233 $/ mo
Rental Rate : 1.39 $/ sf / mo Size : 889 sf
Past 12 Months : 10.5 % Rental Rate growth 26,153 units absorbed
Occupancy : 93.2 % Price : 1,475 $/ mo
Rental Rate : 1.68 $/ sf / mo Size : 880 sf
Past 12 Months : 16.0 % Rental Rate growth 32,853 units absorbed
Operating Supply : |
Operating Supply : |
3,012 communities |
3,369 communities |
41 |
712,654 units
|
809,924 units |
Occupancy : 91.8 % Price : 1,648 $/ mo
Rental Rate : 1.88 $/ sf / mo Size : 876 sf
Past 12 Months : 15.7 % Rental Rate growth 17,083 units absorbed
Operating Supply : 1,143 communities 272,487 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