Market Line - SAN ANTONIO
May 2022
SAN ANTONIO OVERVIEW
Occupancy : 93.1 % Price : 1,179 $/ mo
Rental Rate : 1.38 $/ sf / mo Size : 857 sf
Past 12 Months : 14.4 % Rental Rate growth 9,114 units absorbed
Operating Supply : 977 communities 211,019 units
Recently Opened ( 12 mo ): 19 communities 4,901 units
Under Construction : 29 communities 7,279 units
Proposed Construction : 64 communities 18,077 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1200
1100
1000
History of Effective Price & Occupancy
900 88
M J J A S O N D J F M A M J J A S O N D J F M A
2020 2021 2022
Occupancy %
Price ($/ 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 |
15.6 % |
0.2 % |
2 |
Hwy 151 / SeaWorld |
13.8 % |
0.5 % |
3 |
New Braunfels / Seguin |
14.5 % |
0.4 % |
4 |
UTSA / Bandera Rd / Vance Jackson |
12.4 % |
0.4 % |
5 |
Nacogdoches Rd / Perrin Beitel Rd |
9.8 % |
0.6 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
33,026 |
16 % |
-0.7% |
-3.6% |
A |
16,833 |
23 % |
-0.9% |
-4.0% |
B |
7,524 |
13 % |
-0.3% |
-2.5% |
C |
7,482 |
20 % |
-0.7% |
-3.6% |
D |
1,187 |
3 % |
-0.1% |
-3.1% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.7 % Price : 1,220 $/ mo
Rental Rate : 1.37 $/ sf / mo Size : 889 sf
Past 12 Months : 11.7 % Rental Rate growth 31,156 units absorbed
Occupancy : 93.2 % Price : 1,455 $/ mo
Rental Rate : 1.65 $/ sf / mo Size : 880 sf
Past 12 Months : 17.3 % Rental Rate growth 38,177 units absorbed
Operating Supply : |
Operating Supply : |
3,002 communities |
3,368 communities |
38 |
710,244 units
|
808,691 units |
Occupancy : 91.8 % Price : 1,622 $/ mo
Rental Rate : 1.85 $/ sf / mo Size : 875 sf
Past 12 Months : 18.6 % Rental Rate growth 19,178 units absorbed
Operating Supply : 1,140 communities 271,570 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