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
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NATIONWIDE MULTIFAMILY DATA
www.saaaonline.org | July/August 2018
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