SAAA July/August Residence Magazine 2018 JULY_AUGUST_2018_Magazine | Page 35

SAN ANTONIO MARKET INFORMATION San Antonio, TX End of May, 2018 General Overview May 2018 Annual Chg Occupancy 89.0 +1.1% Unit Change 4,287 Units Absorbed (Annual) 5,429 Conventional Properties Average Size (SF) 845 +0.2% Asking Rent $984 +2.5% Asking Rent per SF $1.16 +2.2% Effective Rent $962 +2.4% Effective Rent per SF $1.14 +2.1% % Offering Concessions 33% -0.8% Ave. Concession Package 6.0% +4.6% Market Breakdown Property Type % of Market # Properties # Units Occ. Avg SF Avg Mkt Rent Avg Eff Rent Avg % Discount Conventional 83% 879 168,477 89.9% 845 $982 $960 6.0% Affordable 12% 152 23,780 94.2% 899 $772 $765 9.5% Senior Living 4% 70 7,601 82.4% 871 $1,586 $1,572 8.3% Student Housing 2% 19 3,869 89.7% 1,194 $1,867 $1,834 8.0% 1,120 203,727 Totals Top 5 Submarkets Occupancy Annual Change May-18 Change South Central 91.7% 11.2% Effective Rent Gains May-18 Change $824 La Cantera - Dominion - The Rim - Camp Bullis 79.7% 8.5% Greater Shavano Park - Elm Creek 4.7% $1,040 Marymont - San Antonio Airport 91.3% 3.6% 4.3% Marymont - San Antonio Airport $815 Northeast - Universal City - Live Oak - Shertz 92.7% 3.5% 3.5% Kerrville $805 Stone Oak - Sonterra 92.8% 3.3% 2.4% Medical Center - East of Babcock $902 3.1% Southeast - China Grove 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 | July/August 2018 35